Banc De Binary Review

by Martin Kay

Banc De Binary is one of the oldest brokers around, founded in 2008. The website is owned and operated by Banc De Binary Ltd., a company that was regulated by the Cyprus Securities and Exchange Commission under license number 188/13 since 07/01/2013). However, due to the fact that Banc De Binary is about to close down shop (read below more details), the company has renounced the CySEC licence, which lapses as from the 15th of January 2017. The renunciation occurred on the 9th of January 2017. Read Bdb CySEC renounce Announcement here.

Update August 2016: We have to make a clear distinction between the two web domains of Banc de Binary: the domain bancdebinary.com is owned and operated by Ash Ltd and its affiliated Company to Aster Services Ltd. with incorporation number: 204033843 address: Sofia 1463, Sofia District, Bulgaria. The trading address of Ash Ltd is situated at UL. Stoney ground, P. O. Box 1823, VC- 100 Kingstown, St. Vincent, Grenadyny. Outside the European Union, Ash Ltd. operates this website. Their services are not available to citizens of the U.S., Canada, Australia and New Zealand. The other domain name is eu.bancdebinary.com and if you land on this site (depending on the region you are accessing it from), you will see that it’s owned and operated by Banc De Binary Ltd. All the details from above are still valid (licence number, address, etc.).

Important Update 10.1.17: Banc De Binary announced they’ll be closing doors soon. High-ranking BDB official confirms that new clients no longer accepted. CySEC announced that Banc De Binary renounces licence but they will maintain oversight until client issues are resolved. Please read section: Banc De Binary Regulatory Announcements and Warnings below.

Update May 2016: the U.S. issue is now in the distant past and Banc de Binary is well regulated and even partnered with Liverpool football club but the amount of complaints cannot be overlooked. Most complaints focus on two things: Account manager lost the money, and aggressive sales tactics so the answer to “Is it a scam?” is hard. Depends on who you ask. The official authorities like CySEC and FCA are OK with Banc de Binary. The bad winds from the USA authorities are now past. If you ask the traders who published their stories all over forums and websites, they’ll tell you it’s a scam but probably the answer is somewhere in the middle.

At BOTS, we recommend to all traders who are using or thinking of using Banc de Binary to avoid accepting advice from their account manager at all cost, however that’s not something specific for this brokerage. The only issue is that we see those complaints on a much higher scale when it comes to Banc de Binary. Do your math here. However, this broker operates at full-power since 2009, so they must be doing something right after all. It’s just not our cup of tea.

Update January 2017: In light of recent developments, the sponsorship deal between Banc De Binary and Liverpool FC is no longer active. Banc De Binary themselves admitted they have a bad reputation and in fact, bad reputation and complaints are the reason why they are closing down. Furthermore, there is a rumour that London-based law firm Giambrone is gathering information and required documents for a class action lawsuit or other type of appropriate legal action.

They offer a Demo account. I know it doesn’t sound bad and you might be wondering if I mistakenly placed this under “Why it Sucks”. Well, here it is: they say you have to deposit the minimum amount of $250 in order for you to have access to the Demo account and even if you did that, you don’t know how long you can use this Demo. The period will be at the discretion of your account manager. So actually the free Demo is not so free after all and you don’t know for how long you can use it. Maybe a week, maybe a day… depends on your account manager.

Why Banc De Binary Doesn’t Suck (My Opinion)

Their website contains a lot more information about Binary Options than we are used to see from regular brokers and I think it’s a good idea to offer such a complex educational material. Keep in mind that when I say “complex”, I compare it to other mainstream brokers, not to real educational websites like… of course, BOTS.

Should I Open an Account with Banc de Binary?

Well the first question comes to my mind is: Can you even trade with BdB anymore? I mean, they recently announced they’ll be closing doors… Anyway, the first feeling I got when I accessed their website was one of clutter: a lot of information squeezed together, a lot of linked content and an annoying “Live Support” pop-up that covers a big portion of my screen and stays constantly somewhere in the middle of the page. The thing is that I can find the Live Chat button on my own and I don’t need pop-ups for that. It may be just a personal preference, but I really don’t like pop-ups and I get instantly annoyed when I see one. *Update: Fortunately the annoying pop-up is now gone. Probably I was not the only one complaining about it. Ok, moving on, I took a look at their platform which is powered by Spot Option and this makes it easy to use and with enough features to keep both newbies and experienced traders happy. There’s no need to download any software and everything can be accessed online, a fact which is a characteristic of the Spot Option trading platform and numerous others. Their platform features a functional Option Builder, 60 seconds trading, One Touch and pretty good returns between 70% and 91% for In the Money Options. However, the 91% return is rarely seen on the platform but I guess it’s good for marketing purposes. The average is around 72%, average for the industry. Banc De Binary does not offer a refund in case of OTM.

Banc De Binary offers differentiated accounts; in other words, the more you deposit the more benefits you will have. The low end account is called Bronze and requires 250 EUR initial deposit, followed by the Silver account (minimum deposit 2,500 EUR) and by Gold account (minimum deposit 5,000 EUR). Previously they had a VIP account, with good benefits, but we’ve seen other brokers that offer those for standard accounts or for a smaller deposit. If your deposit exceeds $100K (huge, I know), you really get treated like a king: you will get a personal assistant to make your calls and book your appointments, order gifts online… and much more. Also, if you need guest list access or tickets to a sold out event, you can ask them for help. It all sounds worthy of a movie to be honest but if I come down to Earth, I realize that I don’t have $100K to invest in Binary Options… not even $50K and I bet that most traders are in the same situation. So to me, Banc De Binary is a company focused on the big rollers and the benefits they offer to regular traders are not really outstanding. To conclude, if you are a high roller who can invest tens or hundreds of thousands of dollars in Binary Options, maybe Banc De Binary is a good choice for you. Otherwise, I would look for a different broker, more suited to your needs and financial situation. *Update: The VIP account is no longer available but somehow I still believe they will offer you the benefits mentioned earlier for the VIP account if you deposit a large sum. On the website the VIP account has been replaced by a Lion Premium Account for clients who deposit more than 10,000 EUR. The benefits of this Lion account are not described on the website and obviously we did not deposit this sum.

Banc de Binary Complaints

We at ThatSucks.com (former BinaryOptionsThatSuck.com) always look for complaints, fraud alerts or possible scam by performing a simple search, which could also be done at home: just write the brokers name, in this case bbinary/ banc de binary or Bdb, then type scam, fraud, suck, complaints, etc. Search dipper into forums and reliable website and look for user’s comments. When we searched for bbinary, the search was simple.

When we search for comments regarding, banc de binary we found quite a few of them. Whether or not those comment, feedback and complaints all stem from frustrated traders, or actually hold merit, we can’t be sure of at this time. What we can tell you is to protect your money, and make a wise decision when choosing a broker.

Update August 2016: This brokerage continues to get mixed reviews from their traders. Come to think of it, this is the case with all brokerages but the fact that people talk about them means their client base is still high.

Banc De Binary Regulatory Announcements and Warnings

09.01.2017: In an industry-shaking move, Banc De Binary announced they will be closing their doors and will stop accepting new clients! The news was confirmed by a high-level Banc De Binary official who also informed that the decision was taken by the company owners due to increasing complaints and negative press received by the company over the last years. CySEC confirmed that Banc De Binary will be closing down and renouncing their licence but stated that the company will remain under the supervision of the CySEC until it settles the obligations arising from the current licence that will expire on the 15th of January 2017.

The official noted for FinanceMagnates.com that “It’s become the wild west in the past few months,” … “Its just not worth the tarnished reputation. I don’t see how we can continue operating under such scrutiny and public image.” According to him, arrangements have been made to stop accepting new clients (Note: at the time of writing – 11.01.2017 – new accounts can still be opened) and “All client funds are being sent back to their original source. We’re just waiting for the official announcement from the board to begin the process.”

09.03.2016: The U.S. Commodity Futures Trading Commission (CFTC) announced that a federal court in Las Vegas, Nevada, issued a Consent Order against Banc De Binary (including its subsidiaries and founder Oren Laurent) to pay more than 9 Million USD in Restitution and a Civil Monetary Penalty for Violating the CFTC’s Ban on Trading Binary Options Off-Exchange. The Order entered on February 26, 2016 and stems from a CFTC complaint filed June 5, 2013. Source: CFTC Bdb release. Additional information: Banc De Binary and CFTC – A massive settlement.

27.01.2016: The Cyprus Securities and Exchange Commission (CySEC) reached a 350.000 Euro settlement with Banc De Binary for suspicion of possible violations of the Investment Services and Activities and Regulated Markets Law of 2007 (the “Law”) and of the Directives issued pursuant to the Law. Source: CySEC Bdb Board Decision.

Banc De Binary Bonus

They have changed their bonus structure in a way that now it is completely at the discretion of the Account Executive. Bonuses still go as high as 100% and what I don’t like is that I couldn’t find the exact turnover structure on their website (we don’t know how much you have to trade before you are allowed to withdraw). Probably the Account Executive will decide that too… Anyway, as you know, our opinion is that a big bonus creates more problems than benefits. The main problem is of course the fact that you cannot withdraw until the required turnover is accomplished and the higher the bonus, the higher the trading volume needed until you can withdraw. However, the good thing is they don’t force the trader to accept the bonus.

Update August 2016: The 100% bonus is available only for Gold account owners and upwards.

Banc De Binary Withdrawal

The minimum withdrawal amount is 100 USD/EUR/GBP, it will be processed by Banc De Binary usually in 5 working days but it will take additional time (depending on the withdrawal method you chose) until the money will be visible in your account. There are no fees charged by Banc De Binary but your bank or payment-processing service may charge you according to their policy. Available withdrawal methods are Credit/Debit Cards, wire transfer and Skrill (MoneyBookers).

Update August 2016: The processing time is 7 working days on average and once that is done, it will take additional time depending on your withdrawal method: bank wire – 2 to 7 working days; credit card – 2 to 5 working days; Skrill – instantly to 24 hours.

Banc De Binary Extras

They offer a Free ZuluTrade feature. This is a well-known social trading platform where you can follow the most successful traders according to their ZuluRank and profit (or lose) when they do.

Banc De Binary Ratings

User Friendly 18/20

Their website is offered in 10 languages, the Spot Option 2.0 platform is known to be user friendly so everything looks good… except the clutter I mentioned earlier and the annoying pop-up which kept on appearing even though I closed it several times. *Update: well, that pop-up is now gone. Good riddance! However, I have to note that their website is very slow and especially if I open two or three separate pages, things start to get really sluggish.

Number of assets and expiry times 19/20

Their basket of trading assets is composed of 97 stocks, 25 currency pairs, 8 commodities and 23 indices. Their asset index has been increased since out last visit, especially their stocks offering. All the normal expiry times are available, including 60 seconds trading, One Touch and an Option Builder which lets you choose your own expiry.

Update August 2016: They offer a new asset category called “Synthetic”, which contains 13 pairs. Here you pit stock vs. another stock, a commodity vs. another commodity or indices vs. indices and it’s simply another name for the more common “Pairs” trading.

Commissions, Support and Effective return 17/20

Banc De Binary doesn’t charge you for depositing or withdrawing but there will be some costs related to bank transfers or other withdrawal methods. Their customer support agents are pretty polite but there is room for improvement, especially on the speed of response. The effective return goes as high as 91% according to them, but I have yet to see an asset which offers 91% profit. The average return is 72%, and some assets go up to 82%. There’s no refund for OTM (at least we couldn’t locate any on most major assets).

Deposit, Payment and Bonus 17/20

The minimum deposit is $250 and can be made through Credit Card, Bank Wire or Skrill (MoneyBookers). Payments coming from Banc De Binary to you will be made to the same source the money first came from (if you deposited via Credit Card, you will have to withdraw to the same Card). The bonus structure has been changed: it can still go up to 100% but it depends on what your Account Executive decides. The required turnover (before a withdrawal can be made) is not specified on the website so we can only assume that it will be decided by your Account Executive. The trader can choose not to accept any bonus.

Website Extras 18/20

Their educational material is more complex than on other websites and they offer a connection to ZuluTrade, which is a well-known social trading platform.

Update August 2016: Their SpotOption platform now offers candlestick charts and the possibility to change time frames.

These people are heartless criminals! they robbed me a total of 106,000euro ! my hard earned money, they made me believe they were real until the day i requested for withdrawal then i stopped hearing from them, they stopped replying my emails and calls. I would have comitted suicide if i did’nt get my money back, thanks to a recovery group ( borecovery07 @ gmail . com) for helping me recover my funds about 2months ago. Nobody deserves to be treated the inhuman way Banc de binary are treating people! PLS FOR YOUR OWN GOOD DO NOT TRADE WITH BANC DE BINARY

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Les

02/13/2018 14:45

Actually, BOTS DOES have an indication that Banc De Binary is closed, simply place your mouse over the warning triangle at the beginning of this thread…or read what it says to the right of that symbol !!!

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Les

02/13/2018 09:08

to Rick..When did that happen to you? Was that a spoof website? Most people know Banc De Binary closed many months back. It was major news. Having said that BOTS should have a note on this thread to say that Banc De Binary IS closed

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Rick

02/13/2018 04:38

I deposited into Banc De Binary ($250AUD) won a little then and lost most of it so I tried to take out what I had left and I was locked out of my account, saying can not connect to server.

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Robert Oude Vrielink

03/30/2017 07:07

Help!!! I closed (had to) my account with Banc de Binary. My accounts manager told me my payout would be approximately $37000 as I had already reached he required trading volume to claim my bonuses. My trading volume was $110 000 more than the required 20 times total deposit plus bonus amounts. When they finally made a payout it was only about $5000 instead of $37000. I have tried a dozen times to get an explanation and how this was calculated. What course of action can I follow? Can someone please give me some advise. Their accounts department does not want to contact me directly or explain the situation to me.

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Chris

03/27/2017 14:26

Hi , I have waited two months to get my withdrawal approved, who can help me get my money back from BDB? NO ONE CAN HELP me from complaints, they just say it with accounts. PLEASE HELP

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tobias botwood

02/16/2017 14:26

Do yourself a favor and keep your hard earned cash in your bank. Once you are in, for as little as 250, then suddenly the only amount worth trading is 10k. These guys are only interested in taking your money. i started off with 250 believing that i would be helped to build up my account, this never happened. Ben Novak would phone me constantly, claiming the only way to make money is with money. Smooth talking, lots of promises, “trust me, trust me, do you want to become part of the new super rich?”. So i listened to him and put in 2000 from my savings and Ben built up my account to 3500. the he said i should double up and he would give me 100%of the value in a bonus. I said no! i want to first try out the withdraw, he said fine and he’d get onto it, then phoned me back and said he had two sure trades guaranteed. i said go for it buddy, he did and within an hour my account was down to 20bucks. within the week i could not access my account and that was the end of that. My advice “STAY AWAY”

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Lynda

01/29/2017 10:48

This company should have been shut down years ago. Having read with a heavy heart, the numerous letters of frustration and complaints I now wonder whether it is possible to join forces with those who have lost life savings, in suing Banc de Binary for the unscrupulous dealings and behaviour of its brokers. Over a 6 month period in 2015, I lost around $60,000 through exactly the same bullying tactics used by BdB Brokers as described in these letters. Is it possible for all those who have lost money through such unethical, immoral means to take a class action against Banc de Binary? I am certain that most who have lost so much would be interested in finding a way to recover our losses. Lets band together & work out a recovery strategy!! I am keen.

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Etienne

01/10/2017 15:50

So I was contacted by there brokers 3 times.No real trading has happened yet, but they told me that something has come up and I need to increase the money in my account to trade on that platform.Told the guy that the money in my trading account is all that I have until they make me some money.In turn the broker slammed the phone down in my face.Thats not cool at all!!!I will not tolerate such type of rude behavior. So I withdrew all the money in my trading account.Its scary to see that people are still waiting for the money for weeks and I’m now worried if I will be getting my money deposited back to me.

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Jerry

01/10/2017 13:23

I join Banc De Binary a week back and decided not to trade since my account is to manage by a binary option trader and I as an investor.

But depositing my money begins my nightmare and horror. Not only my account manager keeps pestering me and manipulating me to trade on their platform which I have no clue what is about since I’m just an investor not a trader.

Trying to withdraw and they start doing pressure tactic giving me a long 40 min call everyday never go back to the topic of my withdrawal. By then, I’m already emotionally and mentally exhausted with their mind-playing games.

I end up lead by their nose to trade without me realizing since I’m clueless about the dashboard and platform. So they lead me to put in number in the boxes which I then realize in the trading area. Before I realize it, my $12k deposit drop to $4k.

Then immediately the guy starts to switch off the phone. Subsequent withdrawal is a disaster and it never returns back to me though in their dashboard it said its approved and processed.

Please beware, this company is an unethical company and broker and their account manager is probably the guy who takes care of your “BADDEST interest”. Be careful.

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Dorothy

01/03/2017 12:22

Lost a lot of money with my first investment with Banc de Binary and decided not to throw good money after bad money. A new account manager contacted me and I told him no ways I am investing more money to recover my losses. After about another two weeks another account manager contacted me and convinced me that if I invest more money that for sure by Christmas I will recover all my money and have some profit. The end result was that I lost more money than I lost in the first place. These account managers are very well trained in sucking as much money as possible out of you and have no sympathy for your losses.

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Sophia

02/13/2017 12:39

Hi Dorothy, I was also a victim of BDB but my case was resolved…were you able to resolve your issue with BDB, if not you can email me at : [email protected]

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Emmanuel Twene

01/03/2017 05:15

I am new here at banc de binary let see.

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Renjith

01/31/2017 07:13

Hey…why u deposited…aren’t u aware that they are soon going to shutdown…

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Clark

12/31/2016 20:14

DO NOT give Banc de Binary any of your money. They defrauded me out of 50K USD since January 2016. They gave me all the trades to make which grew my account to $250K while I was making deposits. When I asked for a withdrawal, Thomas Verona and Andy Price talked me into reaching a higher trading volume so I would not lose my VIP status. Then they fed me losing trades which brought my account down to 750 dollars. They told me that the market went against us. Lies Lies Lies…do not believe anything they tell you.

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Graham Hill

12/27/2016 11:34

In a nutshell as soon as you deposit they pester you to deposit more and will not take no for an answer, the promises regarding the “extras” never materialise. Trying to get your money back is truly a mammoth task requiring constant chasing. Despite the fact I had a confirmation email saying my account was closed the company was still phoning me concerning why I took my money out and trying subtle tactics to get me investing again. The managers talk in patronising tones, they really need to understand what is meant by customer relations.

There has to be better binary companies than this!!!!!!!!!!!!!!!

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David Edwards

12/25/2016 19:15

When I noticed that I was making a loss I requested that my account be closed. I was requested to invest more to recover the loss. When there was some recovery I again requested a refund. It is virtually impossible to access your money as this controlled by the BancDeBinary Account Manager. Beware

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Indres

12/25/2016 04:52

Beware of Bancdebinary. When I noticed that I was making a loss I requested that my account closed and any remaining money be refunded. Thisxwasxnodone and I was requested to invest more to recover the loss. When there was some recovery I again requested a refund which was refused and al the recovery was lost and asked again to invest more money. This time I refused. It is virtually impossible to access your money as this controlled by banc de binary. Beware

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bob

12/23/2016 14:05

Banc De Binary: I put in US$250 then another US$750.First day I made US$310. Second day the Manager told me to upgrade to Gold status by putting US$9000. I said no. He was angry and he get one trader to dump US$2300 (US$1000 is mine, US$1000 I bonus from them and US$300 is the profit) in one trade. In 4 minutes the US2300 was gone. Also it is difficult to withdraw your money out. This Banc De Binary is mentioned in the Singapore Straits Times

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Indres

12/16/2016 05:51

Beware of Bancdebinary. When I noticed that I was making a loss I requested that my account closed and any remaining money be refunded. Thisxwasxnodone and I was requested to invest more to recover the loss. When there was some recovery I again requested a refund which was refused and al the recovery was lost and asked again to invest more money. This time I refused. It is virtually impossible to access your money as this controlled by banc de binary. Beware

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Ann

12/07/2016 21:30

I got involved with the broker at banc de Binary. He was unhelpful, rude and abrupt,never properly gave explanations to my answers. When I realized things were going wrong, I tried to withdraw my entire investment. I never tried to trade on my own, I did not had the courage. Guess what? This guy and his friend, both “brokers” at BdeB, lost everything for me. Today I have to live of a small pension and a bank overdraft. I hardly have anything left thanks to this broker. He even bragged that he earns 5 times my investment per month. I was never counselled by dedicated staff, I was bullied by this broker. I regret the day I opened an account at this bank or whatever they are.

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sue

12/03/2016 13:14

I signed up with this company and as everyone has said, deposited $250 but then added a further $2500 and was given a 100% bonus. Broken called Aaron Torel. Sounds very supportive but as far as I am now concerned all his advice for trading seems to fail, as in LOST. So in the first 10 days I have lost $3000. How does their system work? Where does your LOST money go, into their company and do they deliberately give you incorrect information. So I deposited R2500 and they put in a 100% bonus, have made no profit, so if I want to withdraw my money, how much do you think I will get. Anyone else dealt with Aaron?

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fabien bellouere

12/15/2016 14:17

you will get nothing…becasue you took bonus you will have to make 10 times the money invested before you can withdraw any profit…if you make any!

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Edie Park

11/30/2016 03:22

Trade by yourself even with small value not to seek advice from their Account Manager, keep asking additional deposit and promised to help but will make you lost. This account manager make money when you deposit. Beware with Account Manager name David Adler.

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Ernest Farber

11/23/2016 17:50

After depositing $1000.00 I can not get my a country activated. The excuse started from I’d not clear and then proof of residents. Thereafter the Osiris was that my card cant be read.I have been using a 16 megapixel camera and checked all my sent emails and the info was Cristal clear. I then tried to contact them on 4 different tell numbers they used to contact me but not one is in service anymore after one day.I have applied to have my funds return by doing a withdrawll and by email accusing them that this is just a scam. With no reply.I have little hope of recovering my money and would advice all. Stay away

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Trudi S

11/19/2016 10:57

Is there anyone out there that has had a positive experience with BDB? I have been trading with them for a month and have gained and lost. I am not quite square but I have not had any really bad experiences with the Account Manager. Has anyone else had contact with either Leo Carter or Danny White?

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Akhil

10/31/2016 20:01

I have had a bad experience. Had a dedicated Account Executive who kept after me for more deposits promising me that we will recoup losses. I blindly followed his advice and lost $40K. Once i told him that i wont be able to deposit anymore he stopped caling me or responding to my emailsand also on Skype. Extremely bad company as even emails to the company had no responses so far.

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Choo

10/15/2016 04:14

Editor stated Demo account

The person from this company who called me told me the invested amount is as little as USD250/- only. No mention if this is a Demo account as what the editor stated above. I have also double confirmed with him that if it is merely USD250 before I authorized the payment. He said yes. Just start small with their guidance.There will be a mentor who will guide me through.

After which (3 hours later), there is another call from this company, (who the caller claimed that he is a an expertise handling huge portfolio for 83 clients and he will be mentoring me fto trade the deposited amount) .He wanted me to put in USD50,000. I insisted that it was agreed that I played it small upon sign up. I told him that there is no mention to put such a hugh sum of money to invest during sign up.I explained to him that I am not comfortable to invest more.His attitude changed and was not polite and hung up my phone. I was left with shock.

Then , another call came in who claimed that he is a senior manager of Banc De Binary. He is a good conversationist (only he talks and stop you from talking) – persuade us to put in more money. He was manipulative and unpleasant. The conversation was hard sold type .When I insisted that USD250 is all I have for him and if they are looking for big investor , they should have tell us earlier on before we signed up. It is an unsatisfactory service provider due to the way they handle customers. Being a representative for such a big company as what he claimed, why is he so up tight on the USD250 that has agreed (upon signing up) that it can be withdraw at anytime.When I insisted him to reprocess the refund of my deposited amount , he hung up the phone.No news from them at all.I have reported this to credit card company to deal with this.Is this a scam?

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choo

10/26/2016 14:46

Oh!Demo account cost USD250/- per account?Millions of demo account open globally that really make Big money.This is just the beginning..

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Alex

10/14/2016 09:49

I want to share my bad experience with Banc De Binary. From joining as member, they asked you to put more money day after day to get the exclusive account and saying this is quickest way to make only. They also gave 100% bonus to whatever deposit you made. But there is catch and is just gimmick to lure you. The bonus cannot be withdrawn until you met the trading volume (20 times deposit + bonus). By the way you could finish the trading volume, you would lose all the money if you are newbie and not professional trader. Their account manager do 1 on 1 trade with you and this sound good for newbie but their aim is to make you lose money day after day, then they request you put more money for recovery (another 10K). PLEASE DON’T DEPOSIT MONEY FROM CREDIT CARD FOR SOMETHING YOU CANNOT AFFORD TO LOSE OR TAKE TRADE WITH ACCOUNT MANAGER OR ANALYST. I HAVE INCURRED LOSS OF 50K USD. BROKER MAKE MONEY FROM YOUR LOSS. THEY IS NO EASY MONEY WITH BINARY OPTION UNLESS YOU ARE PROFESSIONAL TRADER!!

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SUJEETH

10/12/2016 17:51

I have lost a big sum and feel embarrassed to even discuss here but hope some of you will do research before even getting to trade and don’t make a mistake like me.

All i can say is don’t take Account managers input, they will force you to deposit promising short term return and will tell you to trade on the assets. Every now and then they will induce that bonus will be added if money is deposited immediately as this is the last opportunity and then Account manager will suggest you to trade and lose all money. I was promised saying the funds are secured and safe. The account manager even lied saying he has requested for withdrawals and even told me to try withdrawal from my side but i never got any withdrawal as it has to be approved by account manager. But he ensured all money is lost by trading. on complaining to binary they are saying it was me who traded and they cannot do anything about it. I am still fighting if they can retrieve the telephone conversation between account manager and me to show all the lies by their account manager. Hope some body can push for the regulators.

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karim benmansour

10/04/2016 11:53

i thank you for your last message regarding an islamic account that you no more do.my question is ,would it be possible if i ever sign up for an account that this one is interest free,no riba ,swap free.and i won’t be charged any interests or hidden fees.thanks again

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Daniel

09/30/2016 22:25

Well, this is the kind of class act that Banc De Binary claims to be. An extremely aggressive broker was fired after burning through my account of $70000, threatening me that he would not trade my account nor would any other BDB broker if I didn’t let him trade it the way it “needed” to be traded, real professional. Told me my money was guaranteed but of course you must put in another 20000 in order to get the guaranteed bonus. Along comes a new broker, seems like a nice guy gets me 7000 of bonus to put in my account of $1300, over positioning and burns through the 7000 in a matter of 2 days, but don’t worry the original $1300 is still yours. Go to take $1000 out and access the account a few days later to see where we are in the process of withdrawal and low and behold my account has been closed and I do not have access to it. I don’t care how much money or nice things they may have done for other people, that kind of action is completely uncalled for and completely unprofessional. Do you know why they take office in the poorest country in Europe, they pay the government there to protect them against all of the law suits and pissed off and now broke clients. They also tell me in a IM conversation that they don’t deal with Canadians, so the whole time they have been operating illegally with my money, unbelievable. Do not trust this particular binary option broker, they spend millions to make their image look great, behind the scenes they unprofessional weasels looking to take your cash by any means possible, they are not to be trusted.

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Belinda

09/28/2016 06:00

Hi there

Yesterday, I have chose to withdraw the deposit . However, there is no status that said how is Banc de Binary going to return the money to me via what type of channel. Pls assist.

ThanksBelinda

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Sara

09/23/2016 10:27

I am now wondering if I have walked in to a scam and not a pleasant one, I deposited 250 GBP and then got a call from an account manager. Started off quite polite but then I felt he was being really pushy, wanting me to access my overdraft and credit cards to put the money in my Banc de binary account. In fact at first he got me to go to the deposit , when questioned why I would want to put more in as I had already done a deposit this morning he started quite aggressively ‘selling’ the VIP account but I needed to transfer a further 1500 pounds, I told him I didn’t want to but he wouldnt leave it, I told him I wanted to use option robot and he wouldn’t have that either. Conversation escalated when I said I didnt feel comfortable with the whole thing now in him saying, if I didnt listen to him I actually deserved a ‘slap in the face’ I was shocked and quite frankly horrified, I have told him I will speak to him in half an hour, but to be honest I think I will just withdraw my money (if I can get it back) and put it down to life experience. Has anyone else experienced this with Banc De Binary please Sara Ps: Jon I have just seen your post and this is what happened to me just now. I actually feel sick, a)by the way I was treated and b) because I don’t really have the 250 pounds to waste as a single mum of two tiny girls, wish I had seen all these comments before I stupidly went ahead and gave them my money :(

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Cat Pillar

09/21/2016 15:35

Here is how I dealt with Banc de Binary’s “reluctance” to pay me the money in my account when I decided to withdraw it.

I initiated the withdrawal in May this year. It was verified and approved but 5-7 days went by and I saw and heard nothing. I asked and was told – “be patient, it’s being processed.” The responses varied a little bit: “problem with your account” – “it was paid and returned” (a lie) – “I’ll find out, it’s in the pipeline.” This went on for 2 weeks short of 4 months.

My problem was this: how do I persuade a company that is reneging on payments of tens of thousands to thousands of people to pay out my mere $240 to me? Asking didn’t work, threats were unlikely and I had nothing to threaten with, so I tried another tactic.

It had fast (8 days) and remarkable success (I got my money back – in my account – this morning.)

I created pictures of sharks, added their logo and/or other little BDB banner things and posted them to Facebook and Twitter with accompanying text that said to the effect: “Pay me my money you SHARKS!” I was careful not to call them thieves and also addressed each one I put out there to BDB themselves.

After only 3 very-homemade Shark! posters and posting them over 8 days, BDB(EN) contacted me this morning (via Twitter,) asked for my Acct# — and the money was IN MY ACCOUNT within hours.

FOUR MONTHS of asking nicely got me nothing: ONE WEEK of tweeting pictures to them and I had my money back.———————–The most remarkable thing about this was – I don’t have a lot of Twitter or FB followers:2 Twitter accounts of 4 and 73; 2 FB accounts of 48 and 183. Far as I can see – they weren’t shared very often and yet they paid me what was due rather than have me continue my bad advertising.

Anyone who’d like to see what I did – see PillarCatR and Panthah on Twitter and SharynL Wise and Cat Pillar on FB. Make your own pictures or use mine – but get the word out – it can be done – it will be done – or they will become the byword for sharks. Pixabay has a LOT of nice shark piccies and remember to tweet them to @BancDeBinary_EN as well.Good luck.

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Jon

09/21/2016 08:49

I have a bad experience with Banc de binary this week. Please read to the end and I’d like advice on how to proceed. I am a free lance journalist and crusader for truth and transparency and justice and would like to stop others experiencing what I have in the last two days.Because I strongly suspect that the role of their account managers is to persuade clients to upgrade to “better privileged” accounts and then clean out their account (as they and the company will gain) and then persuade clients with almost empty accounts to enter bonus schemes to retrench losses and lock them into further debt. This is why. This is my story from 2 days ago…As a beginner I wanted to open a basic account and learn to trade following their educational material, my own research and small trades. Banc de Binary are regulated and have transparent marketing with OK reviews. So I opened up a basic £250 account and looked for a demo account or 3 protected intro trades as offered. Not found.Shortly after I received a phone cake and was assigned my account manager who made a very sketchy client needs analysis (and closing the interview with closed questions like “so you want to make money”, all recorded) They first persuaded me to invest £10000 and placed with me a few small trades that lost after prices spiked. I still had no training session or demo experience with the account manager. They explained the price spike cause and said upgrading to platinum account at a balance of£25,000 (the total of my uncles legacy to me which I have used) would give me more expiry times and trading tools to avoid a similar spike scenario in future. Plus heaps more “benefits”.Feeling like I was putting huge faith and trust in this advice from this manger with years of proven experience, I reluctantly agreed and completed all compliance paperwork.On Monday morning the a/c manager called asking if I was ready for a trading session. Nervously I agreed although I had still received no training session. I began placing their instructed small trades of £200, at which they expressed their annoyance that this wasn’t worth their while and that they had done me a big favour giving the best signals from trading central over more valuable VIP customers who were waiting for them to call. As they told me the trading signals were so strong, I nervously increased the amount to £1000 a trade. The trades kept flowing until my £25000 balance was used. Wow! They told me another more senior trader would do my next session.As the trades began to expire later, I saw the folly of this session, with 39 losses and 17 wins- one string of 10 trades on USD/JPN alone blew £10,000. And this bearing in mind my “cautious” client analysis.The senior account manager called back later, listened briefly to my remonstrations and asked me to go ahead with bonus scheme to gear up the claw back. I lickily told him I didn’t want to get involved in bonuses. He told me then that we would have do another session and recoup some of those losses. With, £7500 approx of my original balance of £25000 at day break, he quickly worked out that if I placed a string of trades at £390 I could regain some ground. Expiry times later showed a 50% success rate and balance down to £2500 approx.I phoned my original account manager who listened briefly to my dismay befor passing me quickly to an even more senior trader who placed a string of end of day smaller trades for £200, all my messily balance would allow. When these expired with mixed success, it brought my balance up to £4500, a stonking £20,500 loss on the day.On reflection at day end, I had the distinct feeling of being lured into a trap under false pretences of caring fund managers with years of “proven” experience to trade wildly at my expense and their gain, then trying to lock me further into bonus schemes and more turnover of trades with odds stacked in their favour once my balance was decimated.Yes there are plenty of warnings of high risk and only to use money you can afford to lose. And yes I have agreed to their instructions. But it’s quite clear to me that the ethics used to firstly lure me into a sense of risk management and expertise are very questions and unethical.I expressed these feelings to my account manger who replied that I have to understand that they feel just as bad and frustrated that the markets went against us. They suggest some training and I house analysis and taking it slow from here. The cart before the horse.I’m asking for advice on how to proceed, I feel like I have been lured into a scheme tantamount to a ponzi?scheme and to be honest have no inclination to trade further. Legal action? Consumer watchdogs? Please help…

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Brenda

10/07/2016 21:44

Hi Jon,May I ask if how did you deal with BDB with your case. We are exactly the same situation. They promised me to deposit more to recover my losses but O lost more money. It would be great if you can email me directly.

Thanks,Brenda

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Steve

08/26/2016 11:54

do not take a brokers advice, the trades are placed against bdb, would you go into a bookmakers and ask what to put a bet on, its exactly the same, high pressure clever people thier to take your money in lots of different angles

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kat

09/08/2016 11:55

Book makers like whom?

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elizabeth

08/19/2016 14:32

i opened an account with bdb for 250$ but to my surprise a manager called and ask me to deposit more money.i explained to him that i am not working he said he will see to it that he protects my capital.being new in this trading thing i did not suspect anything.paul millan is his name.he even promised to give me 18-30% of my capital.this sounded good and started to deposit 9750$ so the total was 10000$.i explained to him that the money i have is from a resignation pay out and i realise now that i mmade a futile mistake by telling him that.we did a budget exercise.with what he said i thought my money is safe.the first day we traded the profit was 700$.second day was 2000$.on the third day he called and said i must deposit more money.he was so persuasive and deposited extra 1000$,but this time i was not happy.he said he will talk wih his manager to give bonus the fourth day no trading was done.the fifth day i made a withdrawal of all my money the system refused.i did this because i read that morning how these binary options are defrauding people .he called and started trading.while trading i told him money is getting finished he answered and said no we are trading until in my account 33$ was left.everytime we traded he would remind me that the profits we make its because of him.now that i lost all the money who should take the blame.he is rude that he blames me for the loss.he told me not to trade on my own.i have never traded on my own before my huge loss .he even has the odesity to ask for more deposits.at bdb they are using the same strategy to strip us, their clients our hard earned monies.i dont deny losing money but i was not alone.at least the company should leave the people to trade on their own.now i am without money nobody cares they have suspended my account i tried to withdraw all that is in there but did not succeed

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Protecting my name

08/24/2016 06:41

Hi Elizabeth,I will post when I can in detail, but I have just had the same experience as you from a different agent. Same very rude. Same modus operandi and mine is half of my retirement fund disappeared now.

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Daniel

08/14/2016 18:17

i made a deposite of 250 usd for a start, but to my suprise they broker couldnt get me started, the kept asking for more deposite.i wasnt impressed i hard to ask for withdrawal, but the good thing is i got my money back within 7 days.

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Melyn

08/09/2016 16:26

I came to know this recently & got captivated by it.I deposited some money into my account.I don’t have a basic salary for my part time work & thought the best option for me is to make some passive income through this platform.

Well the account manager Chelsea Richard handled my account.She sound good & nice & we have a happy trading time together.She was ok to make some profits for my trades.

However I made some losses after attempted to trade myself..It looks normal business trading to me but I realised that it’s like gambling to see if its win or loose.I am considering to stop doing this as I realised that you will be hooked into this kind of habit & it’s really hard to take it when you are losing.

She said need to top up to get the bonus…etc. & no worry.She said no problem for withdrawal can be anytime.Please advice. Thank you.

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Sean

09/16/2016 23:20

Please do not accept bonus from any broker your money will be tied to eternity as there is always a ToS to bonus like trading a volume of 30 or 40 of whatever bonus you get.Also, never allow anyone trade for you, its too risky, if you dont know how to trade, learn or join signals group so you get trading signals and learn along.

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dan

08/03/2016 21:06

I have been waiting for 2weeks now. Nothing shown up. All they say is wait.

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Roque

07/15/2016 02:22

Very untrustworthy Broker, they will keep calling you to find out how much money you can invest and keep pestering you to invest a big amounts with promise to double the amount with your bonus. I was auto trading with BinaDroid and they starting closing my trades at stake ending in losses. Finally I had to withdraw the remaining money.

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marco dm

07/04/2016 13:44

hey any one wanting to start trading avoid it at all cost you will be influenced to invest more more money that your willing only to see your money be lost in two days all the trades come from the trading central all given by you account manager and surly you will lose the whole account i did not trade on my own once stay away save your money invest on a trading course something but banc de binary

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Lorenzo

06/25/2016 17:02

HiI’m interested, what would the procedure be, I’m in SA

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FF

06/20/2016 19:56

After 2 years I am still trying to get my deposit back!!!!!!!

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Paul Noone

06/17/2016 23:40

This company is also passing my contact email to other spam traders. Since signing up with these sharks, I have been inundated with spam mail! How do I know it is because of Banc De Binary? Because all the junk emails are offering the same deals from hundreds of different email addresses and are all related to trading on the internet!

Thank you for nothing

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Pieter

06/05/2016 02:24

Yes friends,you have guessed correctly, yet another so- called trader has been sucker punched by this company.In brief my experience is mirrored in what ive read in the reviews.Following deposit of $US250, i was briefly shown the trading platform,made a small profit of $17.50 which i was able to see in my account balance, however thereafter the pressure was on to deposit more money as $250US was not enough to trade,i needed to open a $US10,000 premier account to start.My account manager snr Andy Miller said he will secure a bigger account than that the Platinum US$25000,he then really increased the pressure,wanting more funds.I had to show him my CC credit limit via remote access,wanting all the funds up to US$22000.I protested,saying that i could not possibly afford the interest repayments on a maxed out CC.He said no problem ,ill cover the repayments, just email me when its due.i reluctantly agreed.He set a trading date on the back of a big anouncement by the ECB about economic indicators that will boost returns.All very positive, i thought, so Friday3/6 rolls around and he calls me to trade,me having stupedly agreed to his bonus trap trading with a A?C balance of US$42257,him fully aware that im a newbie to the game wanting to learn.So we open several large trades and the account balance escalates to the range of 58K to72k US. i was astounded with such good trade signals ,wheraefter we did several more and lost,down to$US15800. At this point he let me withdraw US$100 only as i could not do more due tp my trade bonus restriction !!!sO WITH THE REMAINING TRADES OPEN he said goodnight and i went to bed.He said he would call me on Monday5/6.The next day i checked my account ,found only US$116.50 in it.I was devastated, went on line and read the company reviews all 37 pages of bad reviews realising that ive been scammed along the same lines as many people.i would not recommend BdB to anyone. I have lodged a complaint with my bank For Visa to recover the lost funds.I will not attempt any trading anywhere until im experienced.

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Sashi Krishnan

07/27/2016 13:46

Hi i just got into trading with BDB. I have deposited USD 12000 and the manager keeps asking me to top up to USD50,000 so he can give me another USD50,000, totalling to USD 100,000 and then i can become a VIP member. Now am getting pretty concerned. Looking at your experience am afraid that mine will be similar :(Appreciate ur replythanks n best rgdssashisingapore

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Protecting my name

08/24/2016 14:32

Don’t do it they are shelters. Don’t even think of allowing the manager to trade for you. they will lose all your money and you will be left with nothing. They are sharks. The manager did a ‘so called test trade’ with me and pushed and pushed me to trade faster and faster..without explaining things for me and saying do it no, do it now as fast as you can or you will lose. I ended up loosing everything the whole USD5000 which I had already started the process of withdrawal and they said was safe as it had been approved. I had no idea what was happening and he pushed me so fast. In a matter of 15 mins I lost all 5000.

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Mel

08/24/2016 14:54

Hi Pieter,I had the same experience and have a c/c maxed out. These guys are heartless. I immediately before this trading happened told my bank that I was unhappy about the deposit I had made. They said they couldn’t get the funds back, but put a block on my account (just in case). Could you tell me how I would be able to get the funds back from my bank please? Kind regards, Mel

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Fillemon

06/01/2016 03:23

Banc De Binary is a terrible broker to work with. I have activated an account with them, and an agent Dave H. promised me a 100% bonus and that my account manager will be in touch with me soon. Until now I haven’t received any contact from my account manager and my bonus has not been added to date(2016/06/01). I tried contacting the support( chat with Alla) and he asked me to contact my account manager who was never available. I tried contacting Dave H. by e-mail, he ignored all my e-mails. In my experience I have found Banc de Binary to be not very helpful in helping their clients succeed.

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Andrej

05/29/2016 08:36

yes their brokers are really rude and pushy ,luckly my deposit was small and broker was exsist to deposit larger amount.when I say no he said in tis case Im not able to help you.so my expiriance was also with desapoitment

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Daniel

05/27/2016 19:30

I dont Recomand Bank de Binary i depozit with them 700 pound they givme 700 i complet 20x time turn over i win 3250 pound i try to withraw 700 and they told to cancell beacuse i confuze de sistem beacuse in the same time im traiding and i have to wait 3-4 days to proceses the money to take from the account and after that to wait anoder 5 days to ghet on my account so this mean to not trade ontil they take the money wat is this ?and after that i lost avrething and i depozit anoder 1500 pound and i lost it as well and since than they put me alot of spreading big one they fuking stil on face and also they reduce the win procentece from 85% to 70% and i notice doge things do not depozit with them i sing up with stok pai 250 in 3 days im on 1500 pound no spreading no withraw problemes no spreading alot of stock comodidi usa market europe and etc… i recomend stock pair

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VTaylor

05/24/2016 13:39

Ask for the valid ARN number, insist more, they should get your money back.

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Arash

05/20/2016 12:21

Please stay away from this company. They keep telling you lies and lies and ask you to deposite more and more and then you will lose it to the banc de binary or if you win it, you will not get your money. I knew from the day that I spoke to one of them who called himself Russell Chambers, but that poor Russell barely spoke English. So, why do you hide your true identity? Is it not because you want to rip someone off, and get away with it??? It has now been more than 3 months that they did not give the money I won. They claimed that they had transfered it via Wire to my Barclays Bank account, and they provided me with an ARN number, I first to talked to a cashier in the bank, and she told me that I would need to talk to one the managers, and I spoke to one of the managers, and he confirmed that the ARN given to me is not valid, and I should not expect to receive any money from this company. I went all the way to London, to the Barclays Head Quarter, and I spoke to a senior bank manager, and he told me the same thing. In fact he said to my face, that I made a foolish mistake. Please be aware, and read more pages about them, they have made a fortune out of you and me, and they pay Google to rank the pages they want you to see, and not those you do want to see. There has been hundreds of thousands of complaints to FOS, and FCA. It is a shame that this disgracefull company has been authorised by the Financial Conduct Authority.

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John Frewer

05/17/2016 11:11

BDB are terrible. I completely concur with what Di says. Their Account Managers are not to be trusted. They are pushy and unpleasant. When you first start with an account manager, you win trades, but after that it is all downhill. I had the distinct impression that they win when you loose, it was as straightforward as that. Withdrawing money was a trial which eventually took 2 months before the money finally appeared in my account. Go with someone else, do not wast your time or money with BDB.

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Gerry

05/12/2016 13:18

I agree with the comment that you are pressured to add more money – to the extent they pushed my cc way over the limit (they kept taking $1000 USD per time)there is no money management – at one time I was TOLD – URGED (not quite forced) to “invest” ALL my cash in three trades they ALL lost

I added $$ to the account and was supposed to get an iphone I have the papers to prove it but was shuttled around and around and never got it – When I lost all the money the account manager would not answer skype or phone calls or email

I tried to take $$ out – and got the run around

Gerry in Canada

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Diana

05/10/2016 05:36

I made the mistake of clicking on the online wealth markets link thinking a low fee of $10 to activate an account which allow me to understand what this secondary income scheme is about. Immediately, an account manager called me and aggressively made me deposit $250. After that a senior broker kept calling for more than a week. She said that she need me to deposit $10k in order for her to service me. From there she kept pushing till i charged $50k to my cards. First trade last week, i made about $13k. I then submitted a withdrawal last Sunday but yesterday, this broker from the finance dept said he received contracts from my broker to trade and i have to do so in order to withdraw. So i had no choice. First round, doubled my funds. Along the way, i already wanted to stop but he just won’t allow me to do so. He insisted to do a 2nd trade and guess what, lost all of the $114k. Today, i am waiting for them to respond to me how much they going to pay me as the $50k is supposed to be protected. On the other hand, my credit cards payments are due. This is really a very frightening situation to be in. I am not greedy and happy to leave with a little profit but now, faced with uncertainty on my $. As such, be careful with your money and how you use it.

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Daniel Tanase

06/12/2016 14:09

It’s really sad to hear your story to lose in 1 go 50000$ I lost me to 15000$ in 1 month did you manage to get back something from your money ?

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bob golding

05/05/2016 16:44

as regards bdb’s bonus the rules are there in the t and c’s 20 times the deposit. or if you deposit 250 and take the 250 bonus you have to have 10000 before you can withdraw any funds. you can withdraw before then of course but you lose out doing that.

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Ron

04/30/2016 04:08

Do not deposit any funds with them. Regulatory authorities are a joke. There are people (FPA which I think stands for forex peace army) who will help to get your money back.There is no customer support at BdB & the staff are aggressive & rude.Good luck everybody & let’s all stand together to wipe out these unscrupulous companies.

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shane Maurel

04/29/2016 12:00

Well, where do I start….. I guess from the beginning would be best.

I was laid off from the oil industry as oil prices fell. So I decided to do some educating, so I enrolled into a very expensive course which takes a year to complete and whilst doing this I was applying for jobs and looking for other ways to earn money.

This is when I came across BINARY TRADING options and somehow only found good reviews about it and in particular BDB, so I gave it a try and signed up with BDB. THIS WAS MY FIRST BIG MISTAKE, because I was unemployed and hoping that this will be my be all and end all to all my money woes. Do not attempt to trade/gamble if you do not have a job and also if you know nothing about the stock market let me be quite clear about this, because then you are chasing money rather than being intelligent in your choices.

Straight away I had several account managers phoning me and asking me to deposit money. This I did initially with £250. I then got an account manager called Leo Harris( alias Shark) who called me. He said that I need to put in another £100 to get me into the BRONZE category which gives me better trades. This I did…..

I got the paperwork of my deposits signed them and sent back to them copies of my passport etc which I thought was strange and all in the argument of money laundering??? Bullshit really! He phoned me each day talking and being rather friendly so I thought it can’t be bad and I was looking forward to ‘trading’. This happened on a Thursday, and on Friday Leo says to me, can you put another £5000 then I can give you a bonus of £1000 and this puts us into the ‘GOLD’ class group which gives us better trades. Well this was done, and after all paperwork and verification was completed we got trading. £500/trade – fast trades. After all was done and dusted I was sitting under £6000?? This should have been my first warning sign but I did not heed the small voice inside.

The following week Leo phoned me up again and asked me to deposit another £5000 to put me into the “PREMIUM” account category( I was thinking that if this was a good way of making money then why can’t we build up my money from trading? – another warning sign that I chose to ignore). So I said to him if I do this I will be borrowing money and if we win then I need to pay this lender back asap. He agreed but reiterated that it is a risk. I was also sent bank charges of £29/deposit made which was not explained to me from the onset.

So I borrowed £5000 from a friend who knows me really well and knows that I am good for my word, so he gives it to me. I then deposited it,( I am sure that Leo is now rubbing his hands together). He tells me that he will phone me at certain times which he doesn’t – he phones me when he chooses( another sign I ignored). He mentions trades that are going on but we do not trade. I am looking at my trading platform and I am trading a tenner here and a tenner there and I am winning here and losing there. Friday comes again and I have been told of a certain trade that comes into fruition at 13.30, Leo phones me at 9.00am and tells me of this and that I must expect him to call me before that time to trade. He has also told me that he has added another £5000 bonus to my account, so I have now got £16000 to start trading! WOW! ( I have not read the terms and conditions of the bonus yet, but that is yet to come!)

Leo did not phone me at 13.30 which is what I expected, but he did phone me at 17.30pm when I was packing up my computer and readying myself for the weekend. He says come on lets get going, so in a hurry I get ready and he tells me to trade on his chosen currencies which I follow whilst he is on the phone. He then tells me I will call you back soon ok and says goodbye. I am now walking around in limbo as we were trading huge amounts £1600/trade and we exhausted the entire account. He calls me back 10 minutes later and says are we ready to trade, I have a look and we have £6000 and I said to him we made a huge loss, he reassures me that just be patient and watch and sure enough as the trades came in the account balance rose to £22000! So he says lets keep going whilst we are on a roll( I am now thinking that I can pay my lender back next week) but Leo is on me, saying come on Shane lets do this! ( another lesson to be learned here guys – a good trader will diversify his trades although one can make money on just one asset, and will also not use his or her total account balance). So we exhaust the balance yet again this time £2000/ trade.

So here comes the finale, I take Leo’s advice( after all he is the expert) and whilst he is on the phone we trade to his advice. He says to me I will phone you in ten minutes, I said no – that is it, I am going home and have a great weekend. Saturday morning arrives and I thought that I will have a look at my balance and put in a withdrawal application to repay my friend. WELL…. I found £5857 left in the account and only the last two trades came in!! I was shocked. This is when I realised that I could have lost the whole lot in just 6 minutes.

Leo phones me on Monday morning and says well that did not go well, but if you can put in another £5000 then we can get back into the ‘best’ trade bracket again. I could not believe what I was hearing. I said to him that if you had left it there at £22000 then I could have paid that person back, he tells me it is risk. So I asked him why don’t we trade and earn that money back, and he tells me that the better trades are reached when you trade with bigger amounts. I told him that no I can’t do that. He stops phoning me that day.

I then write an email to the first account manager that put me onto him, a guy called Nicholas McCartney, and told him that I was not interested in trading with Leo anymore and told him why. A few days later I have an email from a ‘PLATINUM’ account manager Brian Lewis who says that he has been asked to help my predicament. By this time I have found more reviews – a lot of negative ones now on BDB and one in particular mentions how this former client had the same problems as I have mentioned. He went on to say that they replaced his broker with a platinum account broker who said that he would take care of his needs – well being confident he trusted his new found business friend and guess what, his account was wiped out!! I though that this is not going to happen to me.

I then try to draw money out and it is refused due to now the conditions of the bonus acceptance which was not explained to me and really forced upon one deceitfully. So I thought well if I am to try and win money then I will do it myself( this is where having no other source of income puts pressure on trade decisions because it becomes a matter of desperation rather than intelligent thought or market research( the latter is pretty useless in this current market at the moment) So I start trading and during one of my trades on GOLD I noticed differences the signals next to my strike rate box and the indicator on the graphs? I lost that trade even though the indicator was saying that I was in the money. So I got my camera out and took photos of the next trade – this seemed to happen on my GOLD trades only and I took photos of this occurrence several times. I reported this to CYSEC, the FSA, Watchdog and the Financial Times. The only people to write back to me were the FSA, who said they do not have the authority to intervene and that I should try the finical ombudsman – no answer from them either.

So here I am, stuck between a rock and a hard place. I can’t take my money out, manipulated trades and after reporting my suspicions to my newly appointed account manager who is obviously not concerned due to his silence now, I find that I am now on my own in this huge trading world! So I decide well it is time to learn and I stop studying for my technical qualification that I write in August, and I start reading and taking down values so that I have some historical data to refer to. And for the next two months I erode my remaining balance down to nothing. Furthermore during this time I have noticed how they restricted some of my trades and the times at which I could trade at which I complained to Brian in an email to which he did not reply to but suddenly I was getting those assets again. This to me was constructed to ensure my demise.

I was told by the FSA that they have no authority on BINARY platforms as they view this as a gambling business, so let me just fill you in. Trading is whereby you buy goods or services for another in the hope of gain/profit. Here in Binary trading, one is only placing a ‘bet’ on whether that trade will go up or down that is it. If you get it right, you win your money back plus a small percentage – 70 – 90% is small. I say this because here are some other things that you should look at doing if you are a gambling man. If you buy stock and shares you can gain up to 5000% of your investment. You can also lose it all to, this is where market research comes into play – know your asset. If you bet on horses you can win many thousands on one bet with just a hundred or less depending on the stakes. But when you lose you lose all the same.

So now we ask what happens to that money we lose? Who gains it? This is a question that I put forward to my account manager who could not answer it( yet another sign). Well I will tell you this if it is anything like William Hill or any other betting shop, your loses go into that business account and stays with them until they declare their earnings to the taxman. So if you lose they gain, if you win they also gain. They are on a win win streak all the time.

It is your choice though. For me if I had another chance I would refrain from this practice and stick to horses or proper trading. At least with horses the race cannot be manipulated by the bookies alone :)

By the way have a look here;-US regulatory an legal issues

Banc de Binary did claim to have an office in New York City inside of Trump Towers, but this was in fact a virtual office space without significant physical presence. Trading and offering financial services to US consumers without obtaining a license from US regulators first is illegal, as it would mean the client would have no protection.

The company also claims on its site at its UK Companies House report to have an office at 1 King Street, EC2, in the City of London, but similar to its New York City address this is also a virtual office. Banc de Binary’s UK Companies House report says that they’re based in Cyprus.

On 6 June 2013, Banc De Binary was charged by both the (CFTC) Commodity Futures Trading Commission, as well as the (SEC) Securities and Exchange Commission for alleged violations of US financial regulations.

In a press release (Investor Alert: Binary Options and Fraud) the CFTC also warned consumers of “fraudulent schemes involving binary options and their trading platforms”.[2]

Have a great day guys and good luck.

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Investor

05/06/2016 02:35

Hello. I have all the information about this company and if we gather a larger group – we can do something about it. For more info add me on Skype – nullisecundusinfinite !

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renee

04/18/2016 11:52

I invested 250$ in march and am still awaiting a call from an advisor.I have emailed danny and asked him to refund my money..waiting with crossed fingers that they refund.

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Bridgette Modisakeng

04/11/2016 10:34

Your reviews are correct. If you invest $250 or $500.00 you dont have any attention at all. I hoped I would get at least a person to help me get started but the person who called me wanted me to deposit another $250.00 and when i said I dont have, he hung up and that was that. I am now trying to withdraw my funds but it’s standing there no response or nothing. I want to ask questions like why is my withrawal saying WIRE when I deposited with a credit card and expect the money to go into the credit card but i have no one to ask. I am truly frustrated and don’t even know if I will get my money back or not.

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William

03/29/2016 16:32

Hi

I opened an account with $250 with BdB & was told I could have a demo account,I never got it, when I asked for it all I got was phone calls from 3 aggressive account managers saying I had to deposit more funds to qualify for the demo account, when I refused to add more money, one of them said why dont I take my money out and go to a casino

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Michael

03/29/2016 14:41

I tried Banc de binary because it was “recommended” on a few websites. The company is regulated. So what! At first I thought BDB was a decent company/broker but the broker I had was rude, rough and most unpleasant to deal with. Always calling me. Always asking me to deposit more money. More money. More money so we can trade bigger. Bla Bla Bla. The trading room I got the calls from was SO noisy with people yelling and screaming out – it was unbearable. The call kept dropping out (they use VOIP of course) and I had trouble understanding the brokers foreign accent. Well – here it comes ladies and gentlemen…. After depositing $4500.00 of my own money and after receiving a “bonus” of some $4300 I had $8800.00 in my account. (The bonus is only play money anyway which you can’t withdraw, so I was not too concerned about that…)The last deposit of some $1500.00 was put in after a promise of some great trades coming. I emailed him as I did not get any calls. Then I got THE call… he suggested trades and watched my PC screen on Skype share screen and promptly made me do trades with a currency $500, $500, $1000, $1000, $1000, $1000, $1000 etc etc…it went on and on and I TRUSTED HIM! He suggested 30 SECOND TRADES! This is ridiculous I thought…he was pressuring me to HURRY…So after 4-5 minutes I LOST ALL MY MONEY – I lost $8500,00 in the space of a few minutes! While doing this I had no idea what was going on. I hoped for the best – that he had GOOD REASON do suggest as he did. Then he said I will call you back. I then checked the trades and saw win win loss loss loss loss loss loss loss loss loss loss loss…do I need to go on? Then he calls me back and WANTS ME TO DEPOSIT MORE MONEY!I said you must be joking? What money I said? It’s all gone…these people don’t take no for an answer! So after this experience, I feel that Banc De Binary is surely a SCAM broker – in other words they freely take money from people, they don’t deliver any results and they are so UNPROFESSIONAL. I am taking up a scam/fraud case with my credit card company as this is indeed stealing money under false presences. My advice: DO NOT DEAL WITH BANC DE BINARY

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Oli

03/26/2016 23:52

So called Account manager, MARTIN GREY called me several times on the phone and instructed me to place several trades and emptied my account and prevent my withdrawal request which i have submitted already thereby making me loose all the monies i have in my account and withdrawal was cancelled.

On contacting the compliance department, i was told it was my FULL responsibility to have place the trades despite the instruction giving by the Pushy Account manager. So sad…Please beware and dont be fooled.

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Michael

03/29/2016 14:51

I agree with you Oli. This company is SO shonky and suspect. My account of $8000.00+ was emptied in 4-5 minutes!!So no even trying a withdrawal for me. These people will steal millions of dollars if they had the chance I’m sure. The broker simply instructed me (I thought he knew better – I though he had access to charts candlesticks with signals and algorithms etc..obviously not, as all the $500 and $1000 trades all done in 5 minutes went out of the money! I won 3 , but lost it all in the end. Now my question is why would they want to do that? I think the only way is to trade by yourself and learn the markets.

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Thabiso

03/23/2016 12:05

Doubtful

now, could new investor put his or her own money is such investment/ where you don’t know when to withdraw your money? worst when your money is released you got charged 80% penalties? Terrible why would the broker demand more more?

I am putting my money where investors had been mistreated and never got their money!!!

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Kirk Adaman

03/18/2016 15:52

THANK GOD tehre is bank de binary, finally a company that pays and delivers. Thank you BANK DE BINARY you are the best i love you guys.

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Izza

03/13/2016 17:40

I’ve been so unhappy with BDB…the broker keep calling me at 4:00 am telling me we have to upgrade and deposit more money into the account so we could start trading. The broker told me the quicker way to deposit money is to use the credit card…my credit card is maxed up to the limit which is 19,000 CAD (13000 US) for 28% interest rate…plus I gave another 10,000 CAD (7000 US) cash for my savings. The first and second trade was fine, my money went up to 50,000 US but for the 3rd and 4th trade., everything was lost. I only have 400 US left in my account and with credit card debt to pay. I am so broke.The broker told me I am 100% protected If ever I lost. Nobody returns my call anymore. 24/7 help is a lie.

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David Howell Japan

03/05/2016 01:13

Do not invest with Banc de Binary unless you invest at least $5000. I put in $250 and ended up with Channel Ranger, which is a complete scam. My “account manager”told me I must invest at least 5000 to make a profit, so stay away unless you are already rich. They are not interested in the small guys.

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Michael

03/29/2016 14:54

Yes they have no interest in the small guys. Only the rich who can afford to play hard and deposit huge amounts. I laughed when I was expected to deposit $20,000.00 after losing $8,000 plus with BDB. What a joke.

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JL

02/25/2016 13:07

Yes all of them are crooks.i called the customer service 2 days ago to ask for my 500 back.i am new & I have not yet starts trading yet.Today a Aaron Torei called me saying he wanted to help me withdraw my 500.I the end he tricked me into trading & lost all the money in 5 mins without knowing what is happening.Now he wanted to offer me free bonus to get my money back.But I have to sign a agreement with them & send back the document.anyone know how to close the account?

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Michael

03/29/2016 15:09

You can’t close an account. Just walk away. They will eventually delete you I guess. I lost $8000.00 plus in 5 minutes! Wiped! The they wanted me to deposit MORE MONEY. Give me a break. Im filing a fraud case with Visa to get back my money back from these crooks.

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saeed

02/23/2016 19:16

just sighneed up tor bdb and dont know weather to deposit any funds after reading this

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Ray

02/17/2016 17:23

Had four fairly aggressive calls from BdB today. Three yesterday. Can hardly hear what they are saying because of background office noise. How many are they employing to get at my money? They have also put caps on my trading (max £10 per trade)! Weird. I won’t be using them in future.

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Magnus

02/09/2016 21:22

Be aware, look at this and help to spread it. Announced 2016-01-27 at cysec.gov.cy/en-GB/public-info/decisions/

CYSEC ANNOUNCE THE BOARD DECISION AGAINST BANC DE BINARYSettlement €350.000

“A settlement has been reached with the Cyprus Investment Firm Banc De Binary Ltd(“BDB”) for which there was suspicion of possible violations of the Investment Services and Activities and Regulated Markets Law of 2007 ”

You can read what the settlement concerns in my posted complaint. Very interesting. binaryoptions.net.au/complaint/misleading-insistent-convincing-and-unethical-promises-to-access-my-money-banc-de-binary-emtied-my-account-of-14-000e/

I’m right now in a protracted process with them if you have the strength to fight a bit so maybe it can be worthwhile and you can get a small amount of money back. It’s tough, I have gone on a month now, but improved the first offer I got pretty much until today. But I’m not ready yet. Be detailed and take up as much evidence as possible. They are not happy for all the complaints that posts there. They are supposed to reply in public.

I really really suggest all that are in the bad situation with Banc de Binary to do the same. The more the better.

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brian

02/07/2016 16:02

iv recently had a very bad experience with banc de binary resulting in me loosing over 10k uk pounds in 2 weeks.i kept being hounded to invest more after i lost, being told i could make it back on the next vip trades, being manipulated constantly.i also mentioned to the company that to get more money i needed to get a loan to which they leaded me on to doing. i lost again

I requested to withdraw 5 times and was ignored every time i was told not to manually withdraw from my account as this would result in me only get a fraction of my money back because they would take a percentage like a handling fee. after this i would have a different account manager telling me hes better then the others and we need to fix my account with the losses.

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ronald bosveld

02/05/2016 23:18

i wished i had read all the complaints first before i lost $16000usd with in 25 minwith a broker he is tom lee one of the seiner brokers then put more in to recover my loses another $8000usd which was lost in 40min now he wants me to put more in so we can recover our loses this sounds like a scam to me after i read all the other complaints he did put me on protected triads for $8000usd but that was gone in 2 triads so it was worth nothing at all not happy at all with his performance do not recommend banc de binery to anyone steer clear of them and find a better broker like porter finance at least i bubbled my deposit in 10min with a broker and they are covered when he tells you what to triad all the best hope you listen if you want to make some money and not lose it so fast

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Hendrik van Niekerk

02/05/2016 07:28

After deposited money in my account they ask me to sign a declarationIn the declaration it stated that i am paying for servicesI am not sure if i must sign it. I want to fund my account not payingfor services. They have suspended my account i must first signthe declaration. Please help!!

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Cheryl

02/02/2016 10:35

Hi guys

This is an update to my message dated 26th January 2016, page 28, please read first.

I was very upset thinking I too was being scammed by Banc de Binary.Looking through these complaints, I found the email address of the head of Complaints, Tracey Ludlam ([email protected]).

I emailed her and she emailed me back within hours. I advised her that I thought I wasn’t receiving the service I was promised and explained that Philip Marcus my account manager had lost my $250 deposit within hours. She was very apologetic and assured me that my money would be back in my account as soon as possible.

She was very professional and in constant contact with me over the next day or two and after signing a waiver form, she called me personally and said the money would be back in my account within 5 working days. It was back in my account within two working days which I thought was very impressive.

My impression of the company was like yours (bad) before I contacted her, now I believe they are very fair. I cannot speak for other staff but I found Tracey brilliant to deal with and very fair and actually a lovely down to earth person, no airs and graces.

However, I will be researching very carefully now before I re-invest the $250 dollars in stocks.

Hope this helps

Keep smilingCheryl x

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diana

05/10/2016 11:48

You are very lucky and some of you definitely smarter than me. My first broker helped me to make about $14k and when I tried to withdraw, I was asked to trade as they have put up contracts. Another broker did the trade for despite I kept saying I don’t want to. But because I have more than $50k in the account besides the profit, I have to trade. Made $114k but was asked to trade again. And what happened? All the trades lost and now I am asked to put in more money to recover. Do I stop and find ways to pay my credit cards for the amount totaling close to $70k due to exchange rate or put in more to recover? I wish I read all these reviews first.

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K ALI

01/28/2016 18:51

I have been scammed as someone who called himself Senior ….. Called me n took me through a session that was supposed to be a training session as my deposit withdrawal request was pending. In this trading session, as I am new to this trade, he took through certain sessions and in an hour without me cancelling my request for withdrawal, all my USD2,500/- was wiped out. I called them, they told me I lost, how is it possible as my deposit was being returned back to me as I was told. But I will keep on complaining!

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Ray

01/28/2016 17:09

Huge deposit requested (£15000), which just so happens to be the limit on my credit card! Only then would I ‘get help’ to trade. Over an hour of saying no before he got the message. He knew I was an unemployed newbie. Scandalous.

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Cheryl

01/26/2016 19:11

I too have been a victim of Banc de Binary. I will say no more but just urge anyone thinking of becoming their next victim to read the following document from U.S. SEC (Securities and Exchange Commission) before investing even one of your hard earned $/£’s etc.

If you read any of the articles, I suggest reading the first one, where U.S SEC explains all.

My heart goes out to anyone who has already lost with this company but hopefully this will stop any more losses.

Be safe and keep smilingCheryl x

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Andrea Blunt

01/26/2016 07:04

There are many binary options companies which are not regulated all around. Most of these offshore companies are not supervised, connected or affiliated with any of the regulatory agencies such as the Commodity Futures Trading Commission (CFTC), National Futures Association (NFA), Securities and Exchange Commission (SEC) or the Financial Industry Regulatory Authority (FINRA). Please If you have lost a reasonable amount of money to an untrusted broker, email me on [email protected] for full assistance on how to get your money back.

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Sridhar

01/22/2016 18:22

I deposited $5,250 in Banc De Binary. I did not participate in trading and requested that they return my money. I received the entire amount in 7-10 days.

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Jey

01/25/2016 04:03

Sridhar, what is the procedure to withdraw the deposit since I too did not participate in tradingafter reading the reviews?

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Mpumelelo

10/09/2016 10:53

BDB keeps to its word. i also deposited $300 which i never used and when i requested it back. it was back to my account

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Marcel

01/09/2016 21:21

This is my experience with BdB;

The account manager gives you the feeling he is there for you, to help you succeed. Over and over he tels you “we only make money when you make money”. Now I know they only make money when you loose!

First the account manager asks you what you do for a living and what the maximum is you can miss. It is all in your best interest because he can offer you a risk free insured VIP trade. He says things like: “We need to double up as soon as possible so you will become a VIP trader”.

You will loose this one for certain! I really dug into the trades and could find out that the signals and forecasts where all in the opposite direction!

But no worries, the trade was insured, right?

Yes, but now your real money turned into Bonus money and you cannot withdraw that!

Then he will try to suck more money out of you by offering another risk free insured VIP trade, but only if you make another deposit. The account manager behaves like he’s doing this especially for you to recover the losses.

Again, you will loose! And more bonus (fake) money in your account.

Then he has more good trades and signals for you to loose all that bonus money too and of course you get a call for another ‘sure’ trade when you deposit more.

In the mean time he recommends a zulu trader who will blow the rest of your money!

So, stay away or go against the signal!

DO NOT TRUST THEM!

A good account manager will always advice you to trade with a small percentage of your investment portfolio.Also; Do not trust the first ‘review’ you can find cause they are most of the time marketers with their referral links all over!

Hi…..I joined banc de binary in the year 2014…everything was going well, but then something tragic happened..They took EUR 1474.69 from my account, which was very unfair ….when I asked them about that particular transaction, they said your request has been sent to the accounts section. An other week passed, I was loosing patience , I send another e mail, they replied promptly and explained that it was because of Xmas period. And again , they said your request has been sent to the accounts section. I received this reply on 05/01/2016. Another 3 days have passed, but no reply. I do not recommend BDB, although they have been very fair to me for a year and 2 months. I do not understand what has happened to them, but at the moment they are not one of best in the business. I am thinking of leaving them, once I get my money back. Anybody who wants to know the details or any proof, can e mail me at : [email protected]

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Fevol

12/22/2015 20:34

Hello all,i’ve written a review about banc de binary an the following lines are my Conclusion:

Though Banc de Binary is not regulated, it is one of the best trading platforms in the industry. The different features of the website are exceptional and give it an edge over the other binary trading brokers. The company is long-established and has a strong popularity among traders. Therefore, every trader must try out this platform.

regardsFevol

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Janice

11/24/2016 04:33

interesting that is your final conclusion in your review? Clearly the personal experiences on this site mean nothing or they just irrelevant? I’m wondering how much Banc de Binary paid for your review?

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SEH

12/21/2015 15:59

I started my registration yesterday, but luckily I stopped when they asked for credit card details. For me a demo should not need any transfer of funds. As soon as I woke up a trader was calling me, friendly at first but more and more pushy. When people get pushy I will never ever do any business. So I eventually ended the call saying that I will use more time do decide (which I have already done, no business with BdB). Now I’ve several times received calls from a UK number (+442033180608) which I’m pretty sure is BdB. I will not answer!

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Muhammad Umair

12/19/2015 02:15

DO NOT BELIEVE WHAT THEY SAY, trade only if you are experienced enough.

My StoryI deposited £250, I am a newbie and do not have any experience. Anyway I signed up deposited my money. And next day I got a call from my account manager Philip Alexander. Saying he got some trades today which can give me 92% of profit, and he will only give me that trades if I put £5000 into my account. He said trades are 100% guarantee and if I loose the money the money is INSURED and I will get it back. Looked good so I took a loan of £5000.00 from my friend. He promised me if I loose I will get £5000 in my account next day. He sent me some paperwork which I signed and found out that INSURED money is not insurance which is trading bonus and I can only withdraw after “UNKNOWN” trading volume. I questioned him if I loose how much time I will need to get the actual money out, he said in few days. So everything looked perfect, being desperate for money, I placed my trade and won. Was very happy the actual return was 71% not 92%. Anyway, I though job is done. Then I submitted the request for withdrawal. Next day he called me again and said He got few good trades and his floor manager want to speak to me. Floor manager name was Mr Morris, and he said put all the money in trade today and you cannot withdraw. So unwillingly I placed the trade and won. Was very happy seeing £15K in my account. I was still waiting for withdrawal. Next day again my account manager called and said today he got trade with 100% success but I will have to put all the money in otherwise he wont let me withdraw and will not give me any trade with less money. I explained to him the original money is a loan from my friend and I need to give it back. He said trade today and tomorrow morning he will authorize the withdrawal request. He pressurized me so much and after that his floor manager Mr Morris hang up on me when I told him i need withdrawal. Again my manager called and said Mr Morris is angry and just trade today and withdraw your money tomorrow. And he said he will call me back for the trades.

In the mean time I went to asked the website live chat help and asked how long it will take to withdraw. Insted of giving any response they said my manager will call me. And Philip Alexander called me and he said I will have to trade today to get withdrawal. And that was the day I lost all my money. The money I earned from trade and my deposit. Next morning he called again and asked me to put more money in my account, I said I do not have any penny and I want my INSURED money back which was actually trading bonus.

He said his manager will call me back. The manager called and he said he cannot give me any bonus and I should have taken bonus when submitting the deposit. I said Philips Alexander has told me different story. Anyhow after long arguments he agreed to deposit £3000 in my account which he said I cannot withdraw and I will have to meet the trading volume condition which is 20 times the bonus and deposit. Mean I will have to do the trades of £150K + to get the money back, which is nowwhere mentioned. He promised to give me trades and we will be able to get the money back in 3-4 weeks as per his information trading volume is actually something else and I will not have do to trades of £150K. Anyway he promised and never got back to me. He sent me his skype ID and for the trading signals. I got a text and saying I will have to trade with £3500 minimum to get the signals.

So end of the day after doing all this. I realized they actually do not invest your money in market just play with your positions and keep the money with them and loosing mean they can take all of your money. That is the reason they do not allow US traders (and banned in US), because as per US regulations brokers cannot make money if trader is making loss.

Anyway, I just wanted to share my experience. I have I am stupid

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C A Cook

12/19/2015 00:08

I joined with the initial 250$ and a trader from BdB phoned me after a few days. I was asked how much I had in my savings ( his opening conversation) . He was very persuasive and I transferred £2000 which he said would get me started with trading. I followed his instructions and yes my account rose by 1000$ by the end of the 1st day. The following day he pushed even more to raise my stakes even though I kept telling him I was unhappy about risking all my savings as this money was to be my buffer being on a minimum state pension. However, after much persuasion , I transferred another £3000. Again I followed his instructions he kept telling me that I would really benefit from trading because this was an important day regarding the result of the American employment status. Etc.I watched my account go up to over 21,000 $ but at the end of the day after a final push by the trader, even though I queried the fact that he was placing large sums on each trade! my account showed only 2.10 $ , what !! My entire savings had gone and so did the trader. He ignored my emails. I was left to worry and fret the entire weekend. On the following Tuesday he phoned saying the market had gone against us and he’d arranged with his seniors to offer me a bonus IF I invested another £1000 . I told him I had no more savings, he then said the other solution was to give my account a bonus of 700$ to try to retrieve money for me. I agreed as I couldn’t lose all and again went along with his dealings. The account went to 1800$ and i hoped things might be looking up. Again though, his instructions were to lose me everything and again he went silent, not answering emails . So I lodged a complaint directly but they have said it was I who played the market and I could’ve stopped the trader, told him I disagreed etc with his instructions and that at the end of the day it was MY fault that I’d lost the money. I am unable to work through ill-health, on a low pension and therefore unable to put money back into my savings . The whole experience has left me with a bad taste in my mouth and extremely stressed and upset. How do I complain to the financial body regulating this company and try to get compensation ?

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Marieta

12/18/2015 03:17

I registered and paid the small fee for the training material. However the full $250 was presented.(of which I did not”sign” for – the amount must have been changed by one of the representatives. Logging into my account – after 24 hours – the amount of $250 did not reflect on my Banc De Binary account. I then started getting uncomfortable. At this stage I have not yet completed the all the information required on the registration document. After numerous calls from one of the representatives to assist me with completing the application form the amount still did not reflect. I was told “not to worry I am in good hands” However, I received another email requesting the $250 payment. I send them proof of the transaction reflecting on my bank account. So far I am anti Banc De Binary.

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Gilberto Lozano

12/16/2015 04:11

I am also having trouble with banc de binary.Whenever I want to place what seems like a winning trade because the asset has reached either support or resistance , an “error server ocurrs” and does not let me place the trade.It has happened 5 times to me today.

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Phil

12/15/2015 13:14

i set up an account with them 4250 USD after loosing 2000usd i decided to close my account i got a call from a new account manager Jordan Kenigs complete cowboy said he could get all my money back within 2hrs all i had to do was follow his trading advise so we did 14 trades were we set up the trade and sold it straight away the total pay out was 7080usd all i got back was 117usd the rest disapeared out of my account i contacted the complaints department was was contacted by Tracey Ludlam Manager of Customer Relations she said she would deal with this 1 week later still no contact back ive sent 3 more emails to her still no joy all i want back was the remaining money in my account of 2251usd. im going to the local news paper in Liverpool were i come from as Banc de Binary are now an offcial sponsor of Liverpool Football club and see what happens

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Tasneem

12/09/2015 19:17

I’ve recently subscribed to this trading and after reading comments and posts, i’m simply wanting to claim my money back.

Any suggestions??

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Maria

12/08/2015 23:49

i opened an account with Bank de Binary last year with an initial deposit of $250. soon after that i received a call from one of the brokers who pitched how i can make risk free trades ( he did not mention a policy about bonuses at all). i deposited $4000 US in total. all the trades he recommended as an expert failed miserably. in fact i found i was better at it myself. to get my money back i decided to keep trading to get to a certain turn over required. i asked for a withdrawal at some stage and got $1600 out. then they automatically closed my accoun because according to them i broke the rules. their communication was terrible. also when i started high frquency trading and doing well at it the website would freeze and that also resulted in losses. It was quite an expensive lesson to me. i must say i did enjoy the trading aspect of it, educating myself on trends and the markets. However you have to read terms and conditions very carefully, never accept the bonuses. Basically do your homework very diligently especially if you are investing more than $500 as that’s just too much money to lose. By the way the brokers know nothing about the markets, they are just good sales people. Do not trust their so called expertise because they have none.

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Boris Shostak

12/04/2015 18:38

Robert Gonsalves, He made a trade w/o my knowledge or consent lost over 10,000 and aparently was fired and no one called?? So what happened. Boris Shostak

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Clarence

11/30/2015 20:58

Banc De Binary claims to be a leading Binary Option broker..however this is not the case and their strategies are horrible. They do try and give you the some winning trades so that you invest further, then they will tell you to deposit more and it keeps going on till you lost it all. The account manager’s prompt you VIP signals. These signals so not work and 90 out of 100 trades are loss. If you try to withdraw they will hold you up for bonuses taken..which you never have taken OR simply ensure you lose the trades..while the broker makes the best out of the wins and keeps his brokerage while you loose your investments in the wind. I plan to blacklist the sites in UAE and gulf regions with authorities stepping up to take these companies to task.

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Malcolm

11/28/2015 06:28

Hello everyone, just to say a few words about BdB. Last week I decided toinvest, sorry BET with the BdB. After placing the minimum of 250 Euro`s the nice lady on the phone asked me if I wanted to go with their Robot or Broker. As I had no idea about Trading I risked it with the Broker who on the next day phoned me, and briefly told me what he was going to be doing.So I gave him the OK. The first day of trading went,what I thought very well, but then all of a sudden It slowly went downhill. After Two days I had nothing left in my account. I`d been ripped off, and sadly to say I had this bad feeling right from the start. I should have looked for the warnings before starting. these people are very Professional what they do. The Software which you have access to is just like a big slotmachine depending on what status of your financial situation is or how much you invest, sorry, Bet, its fixed to hand out more cherries than bars untill you have nothing left, then they phone you, and ask you to put more money into your account or offer you a bonus, not telling you that untill you reach a certain amount you have no chance of drawing your profit/win out. Look at Utube`s videos, there are some videos about BdB which are highly praised, I`m wondering if the Authorities are on to this

All the best Malcolm

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Andy

11/22/2015 15:17

I’m writing this review here and many other places to stop other people losing their hard earned money. Please read this carefully.

I deposited £300 as I liked their asset list. I got a call from Daniel Lloyd and he started pressuring me to deposit more to become a silver customer so that he can provide his risk free trades. I denied, then he started calling me again and again to deposit more money. He assured me verbally, on Skype and through email that all the risk free trades are secured against the refundable bonus which won’t follow the “20 times” rule. I told him strictly that I do not want any kind of bonus and I would go for only refundable bonus only if I lose the risk free trades. He confirmed it on many occasions and told me that I’m in safe hands. He assured me that I’ll be able to withdraw my entire deposit whenever I want.

See the email conversation below and the way he manipulated his words while confirming it in email.

He gave me 5 trades initially and I won 4 out of 5 trades. He gained my trust and asked me to deposit more to become a Gold customer. Then he started giving me losing trades every time which brought my balance from £8800 to £400. I told him to deposit my refundable bonus and he deposited £2000 which he made me lose through his risk free trades again. I made £3000 from £400 on my own and he asked me to stop trading on my own. Then he deposited £2000 again and made me lose everything through his special VIP risk free trades.

I had enough of it and asked him to deposit my entire deposit of £8800. He added just £5000. I called him regarding the remaining balance and he told me rudely that he has already credited total £8800. I placed a withdrawal of £5000. Then I got a call from his so called manager (Marco) who couldn’t speak English properly. After trying to convince me to place more VIP trades through him, he rudely told me that I won’t get my £5000 back due to the “20 times” total volume rule and I have signed an agreement for it.

Guys, stay away from their sweet talk. You would lose your peace of mind with the hard earned money. It is not worth it.

There is no reason they would lose their money to make you win the trades. Please try to understand it. These people are there to make money through us.

The refundable bonus stated below for the losing trades will not follow any restriction for withdrawal like the regular bonus rule as below.

(Deposit + Bonus) * 20 < Total volume of trades in terms of amountor

Deposit + Bonus * 20 < Total volume of trades in terms of amount

Thanks,A

On 27 Oct 2015, at 8:51 a.m., Daniel Lloyd wrote:

Dear A,

The refundable bonus and your account you will be able to place the withdraw at any time you desire! The risk free trades that I am providing you every Friday will be the same as I said before and yes if you are not able to trade on a Friday or on a bank holiday they will be placed another day with no problem applying the same principle.

The refundable bonus stated below for the losing trades will not follow any restriction for withdrawal like the regular bonus rule as below.(Deposit + Bonus) * 20 < Total volume of trades in terms of amountIf there is a bank holiday on Friday, the secured trades will be placed on another day in the same week.

As I said that I will be providing you with security means that every Friday if 1 or 2 or 3 or more of the trades that I provide you come in the red (LOSSES) you are account be added as a refundable bonus and you are able to place a withdraw for the whole amount with no problems at all! Now this will be the same procedure applied for every Friday until 1st of January.Please get back to me and let me know if that is what you are looking for in my email.

It is all fine so far but this whole process scares me and is giving me sleepless nights. I can win trades like this but can lose everything in later trades. So much negativity of BDB all around makes me very uncomfortable, so I have decided to withdraw the entire amount after 4pm and will come back when things are better in future.

You’ve been very helpful but sorry, I don’t want to earn more money at the cost of my peace of mind. More than money, I have a fear of not getting fooled by anyone. Also, I seriously don’t understand how BDB would make money by making profits for me.

Thanks,A

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Malcolm

11/20/2015 06:37

I started trading four days ago with no previous experience,with a minimum of 250 Euro. I now have sweet FA in my account… From this experience I can only advise others, DON`T DO IT! I`m so glad that they couldn`t access my Credit Card, or else I would be sleeping under a bridge.

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Elsie

11/12/2015 21:29

I opened an account 3 years ago with $1000 and stupidly took the $500 bonus, not realizing at the time that I would be required to trade at least $30,000 in turnover before I could withdraw my full account balance.Over that time I resisted every attempt to hook up with any “analyst, senior adviser, account manager” or otherwise with a dodgy sounding name.

I just kept trading my own system when I had time and somehow, despite the odds, manage to make it to the $30k turnover and tripe my account balance.When I put in a withdrawal request I heard nothing for a while so followed up with the online chat (no help) then complaints and eventually compliance, who told me that my withdrawal amount would be $1300 less than my account balance as the turnover had not been met. I disputed this and sent them a letter to say I had records of all the trades I did as well as the PDF downloaded from their website to prove my turnover.

A woman from compliance called Tracey replied to say that, yes, a mistake had been made on their part and she would notify accounts to correct it. Great I thought, maybe not so bad after all. However, I had to jump through hoops to prove my bank account details (although verified last year supposedly).

More time passed and nothing happened so more emails to complaints dept. I then received an email to say my withdrawal had been processed. The amount was $1300 short of my account balance.

I have been emailing “Tracey” in complaints as well as compliance and now receiving no replies. The money is still not in my account.

These people will intentionally deceive you even if you are someone like me, who has never taken their trading advise, and traded successfully to, not only make the required turnover but more than triple my initial deposit.

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Ishtiaq

10/27/2015 12:10

Hello, I want to bring this to management notice that I have open my account with banc debinary couple of weeks ago. I paid 250 USD I have been told that a service manager will contact me next day but after receiving money all staff become silent. I can not log in to my account. This is not the way to continue a business. I want to withdraw please refund my money as soon as possible.RegardsIshtiaq

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Guenter

10/27/2015 10:57

I had extreme bad run with BdB- very pushy to collect your money , more and more and not providing more ( under instruction) than 50% winning trades- total loss next expert calls me same and so on now after 3 experts and “VIP treatment”I finally come to the obvious conclusion they are a bunch of self appointed experts and their so called analysts are some drop outs sniffing on something.

also to withdrawal is the next challenge, a friend of mine who also lost all his money in a matter of a week tries to get his few hundred Dollars remaining since months and is lied to in writing (e mails)- sorry no better review- if you do not want to lose go somewhere else- would be interested to know if someone out there has some better suggestions- always welcome

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Patriciah

10/16/2015 08:34

Why would a broker ask me for my card details including electronic signature(last three digits at back of card) to do deposits to my account and not my account number?

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N Jones

10/09/2015 09:38

Not a good company to deal with at all. In the short time I traded with them, foolishly relying on the recommendation of several sites (that must get a very decent affiliates’ commission) there were often glitches in the system. When the glitches worked in Banc de Binary’s favour then you’d lose your profit…but when the glitch worked against you, then your loss would stay as a loss. I complained, but they just ignored the complaint. If that doesn’t spell “scam” I don’t know what does. Fortunately my losses resulting from the glitch weren’t huge, but after doing some reading I see others have been really badly burned by their dealings with this company – which has been fined several times by its regulating body Cysec. They’ve also featured a couple of times in the Mail on Sunday’s “This is money”. Not in a good way either. Take a look https://www.thisismoney.co.uk/money/experts/article-2706702/TONY-HETHERINGTON-Banc-Binary-spotlight.html I wouldn’t trust the word of any broker advice site that recommended this company.

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Steve

09/01/2015 23:57

Did anyone give all their information. Like to verify who you are even after making the deposit of $250. Like Credit Card details front and back. Licence number front and back. Photo ID. I am a bit skeptical giving all my info like that. But if someone trust them let me know now

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Bill

08/29/2015 04:15

Exactly the same with me, all of the above. They then have the gall to ring later with a new guy who is ‘senior and better’ than the guy who lost your money, suggesting they can get everything back that was lost and then some. Of course they need you to put in another deposit…and again… and again. I don’t believe they put your money in the market at all, their site is their market. There is no logic in them making money if we lose, so they are obviously paid on our deposits and draining our accounts. Karma for them one day I suspect, it only takes one guy to get upset enough and pay them a visit.

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Yasmine

08/27/2015 09:57

Is it normal to take more than a month to active an account?! I already started trading more than 4150$ and still waiting for the activation and said I can’t withdrawal until thy activate it I don’t know what do , thy keep saying (we r working on it ) from more than one month I think thy are scamming ppl , how can I get May money back !

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Edward

08/25/2015 11:53

This is a message for everyone that has done business with Banc De Binary and related companies.

I am currently researching customer experiences and ask everyone who has had dealings with them to email their stories to [email protected]

While BDB’s operations have a veneer of respectability this investigation goes to the heart of the complaints against BDB, which is their analysts advice and sales techniques.

It is understood that BDB operate in a gap between Financial investing and Gambling within the EU regulatory framework and this makes their claims of EU regulation, while true, completely useless in consumer protection.

Additionally, there are claims of price manipulation and staff using multiple ‘personalities’ that need to be investigated.

Again, please forward all information to [email protected] and pass this on to anyone who has had dealings with this company, not just in the EU, but worldwide.

Many thanks

Edward

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said

07/22/2015 17:26

Same here. They Forse me to put more money. Minimum 3k. Otherwise they won’t help as their site sais 250 and you get an account manager to help you and put the trades for you. They let me down so I lost everything except 7 euro. And now I’m suspended to trade again. I’m blocked.

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Jason

07/17/2015 02:02

I signed up with banc de binary I put in 250 and they wanted me to put in an extra 5000 dollars to have a broker help me trade I didn’t do they say it’s not to use but I know what happeneds when you lose your money 250 dollars then you start using the 5000 dollars

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David

07/16/2015 23:57

Please be aware of bank de bineryI had an account with this form an I was talked into getting an extra $2000 dollars from my pensioner parentsIn turn I was going to pay them backA mr Ben p supposedly head broker said I was protected I’ve still got the Skype communication that we had togetherFirst he said not to trade the account with out him do I did not then I waited 2 months before I started trading ok he goto me Upton $5200 the I did not touch the Monnies I should of withdrawn it then he states if your not going to trade yhen you have no right being on my team I then contacted him to help me with the time zone difference I’ll take care of you buddy anyway as he said he crashed me out of the binery options platform I could hear hos colleges laughing as I sank like the titanicThe other promise he said was he wanted to get $5000 out of my card so he could talk to accounting I said I have no monie in there he said I’ll get you $2000 bonus he never did and even blocked me on my Skype accountI swear This is a true statement and it has shattered my confidence in trading I look after my parents and I wanted something to fall back on boy was I wrongYours faithfullyDavid Bates

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Sam

07/06/2015 18:46

I decided to try out Banc de Binary but was seriously unimpressed from the word go. A day after signing up, I had not deposited the $250 yet, I got a call from an agent asking me to please deposit the money so that they can get me started with trading and send me information packages. The agent was extremely pushy, demanding that I did it that moment whilst on the phone with her. I refused and said I do not have the time and need to do more research. From the beginning of the call I was asked my aged as I “sounded very young”. I am 29 years old. She then proceeded to call me “dear” in an extremely patronizing tone.

After repeatedly refusing to deposit the money that day (Friday), she said she would call me back on Monday at a set time and I better have the money in the account before the phone call. She then proceeded to say “or there is going to be a big problem”!

I immediately got a bad feeling about this and decided to go on my gut before being scammed or even worse. If this was a legit company I do not see the need for them to be so demanding.

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Frans de Jager

06/08/2015 19:02

Hi

I have made trades through EveryOption starting with the required $250. As this is my first encounters with binary trading, I was taking it easy. The first few trades went very well and the amount in my trade balance rose rapidly by about $40 -50 dollars per day. I tested the system and put in a request to withdraw $300 just to see what would happen. They only paid out $250. The exact amount that I started with. I regularly received telephonic requests to deposit more money into the account to”reach my goal much sooner’. I refused because I started distrusting them when they only paid out the exact amount I started with. As the transfer of money to their account was done via credit card, they had access to my credit card account. Then it happened!! Without my concent they withdrew all the money from my credit card account and went to “aggressive trading”. All the money was lost with a reply that “the markets have turned against us”‘. This is an outright scam. There were never any instructions given to withdraw any money. The instructions that they had were to carry on with daily trading only. I lost $5000.

l opened an account with Banc DeBinary for £250. They assigned me a manager who then pushed me to deposit more funds and foolishly l did finally deposit a total of £13000,00.The account manager, Brad Washington told me he was going to work with me to make more money.Before l started trading with him l asked him to explain to me how it all works as l was a newbie and he never told me anything. He rang me everyday to tell me trades to place . l followed his guidelines religiously and lost all my money.

After l lost all my money he gave me a bonus without explaining to me the terms and conditions of the bonus.l finally had a big argument with him and stopped following his advice. l traded by myself for a week and built my account from 9k to 20k . April NFP he sent me an email to say l have been assigned one their big managers to work with me on that day so l can make money back. Foolishly or stupidly l believed them and within 20 minutes that manager had wiped my account from 20k to 0. l would like to know why the regulatory body is allowing Banc De Binary to scam people in this way. They will push you and push you to deposit funds. They have forced me to borrow so l can deposit funds.This company is a scam and should not be allowed to operate.Please all be advice don,t open your account with Banc DE Binary they are a scam. l have evidence of all their emails. l have complained to CYsec and still waiting their response.Please help me so l can make other people aware of this company so they wont fall for it like l did.

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Norman

05/27/2015 10:49

Dear sir,

I am a retired person without a pension and had a small investment with my bank in South Africa which was not giving me the return on my investment to sustain a living.I was advised to invest with a trading company which would give me a higher return and Banc de Binary was recommended.I only wanted to invest a small part of my money I.e.:$1000 but your trader told me that I would not make money with such an amount and persuaded me to invest $10000 and then if I really wanted to make money a further $10000 on a protected trade.I Invested all my money $17500 which your “Professional trader James Carter lost for me in 30 min.I was advised to trade aggressively and as you can see from my account lost 13 trades in a row.I find this totally unacceptable and irresponsible of your company.

Regards

Norman

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Happy Trader

05/19/2015 08:26

Love Banc De Binary’s trading platform, I’ve tried several binary option brokers but this one is my current favourite and although I had read old comments about slow withdrawals my money was processed in 24 hours.

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Dushyant

05/13/2015 05:00

hello , i started my trade with initial $250 deposit . i tried to trade and now i have $90 remaining , is there any way i can just take the remaining money back ? when i try to login , the site just never opens saying that no trade allowed in U.s ? . ..however , i opened my account from Canada . .please help

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Prasanna Simha Rao

05/15/2015 12:46

Dear Sir / Madam

I am writing to you to get help, advice and direction on how to proceed. I have been Frauded by Banc De Binary for a sum of USD 23K. Banc De Binary is a binary trading company and have office in UK, Cypress , Singapore etc. I just give you a bit back ground on what happened and also try to attach some documents.

I am looking for an income for living. From June 2015 i will not have any job so i need to look for a income. I am 50 years old and finding it difficult to find a job. I came across Banc De Binary and i invested first USD 250/- to try and learn Binary trading. Then i got a call from one of there broker Mike Hansen telling me he is a senior analysis and he will help me to make money. He painted a very good picture and me looking for money from July i agreed and invested USD 13000/ – into my trading account. Yes he make it to USD 17K/- and then told me this is just the start. Then he asked me to invest more so he can get good A3 signals from his Manager and we can make even more money and buildup the account. I was feeling he is a bit aggressive but his promises and commitment to me said let me trust him and put additional 10KUSD. Then he said his boss has given 5KUSD as a bonus and we will trade. On that day i almost lost USD 37K to whihc my account was build up 23K from myside, 5K from them as bonus and the rest profit from trades.

When the account was built to 37K we had almost emptied to account to Zero and i told him this is not how i want to trade. I only need USD 400/- per day for my living. He always said yes he will do it from next time. Later that night i wrote him an email that i want to withdraw because this is not how i wanted to trade. Next day morning Mike came back to me on Skype message and told he has very big for me from Apple and this he got from his boss. My account is secured and i should invest. I told him you can invest with USD 14K which is the profit we have made and nothing else. To which he agreed and he called me and asked me to invest on USD/JPY. I resisted and told him its not apple. He told its related to apple and we are only trading apple related products. When money is secure we should trade all. I tried my level best to tell him no we should not and i need urgently USD 13250/- to be put back to my Credit card.

HE then put his Boss Nathan Green on the phone to convince me and i am new and he personally made me invest on Apple for 9KUSD. Nathan also told me 23K of my account is secured. I was fine with so much commitment and then Mike came back and asked me to invest more on Forex. I told him we should not and he kept on telling me he knows what he is doing and this is our opportunity. At one point i surrendered to the pressure and just did what he told. I have written this message to Nathan Green on Skype.

End of the day i lost everything and then when i asked them to put back the money to my account they said i only traded 9K for apple and they will give it as a bonus. I told i dont want bonus but to takeout money. Mike said i cannot takeout money till i build the account to a level. I asked him what level. its Investment + Bonus * 20. which is 23K + 14k * 20 = USD 740K in turnover. I told him this will never work.

I told them i will trade but they have to give me USD 400/- per day as withdrawal till i clear USD 23K. They are not agreeing and now telling they will give me more bonus to trade. I dont want to trade and please guide me how to proceed.

Thanks you in advance and i need your help urgently

Below is the website address they have given to me as address proof

https://cyprus.bancdebinary.com/about-us/contact-us/

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Hori

05/11/2015 02:20

Interesting comments, research and opinions about bdb they give a flourishing advert of themselves You don’t need to send money now.” Yes in hind sight all those involved in the trading arena do lie. But interesting basically the client becomes the victim why? As what has been pointed out is the way the process is conducted I surely hope that this isn’t providing funding for other organisations to further their own expectations. Time and unforseen circumstances will deliver

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Nayha

04/30/2015 16:21

Here is what happened to me :

I signed up 2 days ago with a 250$ account. I was OK with taking this risk. After the sign up, a “broker” calls you from cyprus. they convince you to put in more money as 250$ is not enough for them to work with. “too small” I told him my whole story – fact i am not working, have no income, don’t have experience with trading at all, don’t have money to spare & i wasn’t in any hurry to make fast money & most importantly that i cannot invest anymore. To which he says then its not worth it for his company to work with a 250$ account & that i would need to use a software and do it myself.

I was ok with all that. He calls me an hour later saying that he got good news about the apple stocks & that he needs my money (extra 1000$) ONLY FOR A DAY as it was an opportunity to seize as they got tips. it was a lot of pressure & he had me cornered. He assured me that next day i would be able to withdraw my invested amount back.

I honestly trusted him. he sounded like a decent genuine guy who knew what he was saying.on his word i put an extra 1000$ (which left me with 500$ in my account) – clearly i wasn’t thinking or this guy had me good.. He was a 100% sure that this trade would work. I got convinced and put 1000$ in the account, leading to 1250 – (and since he thought i was NICE person decided to give me a 100% bonus to make my account a silver one.

Next day i checked my account & to my horror I had 0 balance. I have been messaging him alllllllll day today & emailed him – but he has no balls to come forward & actually address the situation – he is hiding – he knows he wronged me. No reply at all.

I lost all the 1250 in one day & on one trade & for the senior advisor he is, i cannot believe that someone would treat a client who lost all their money this way…I regret every bit on investment i made with them .

Remember – they are all SWEET TALKERS!!! once you loose your money is when it hits you. and clearly they all run away after that.

If you have money to spare that you can gamble with then please go ahead. Otherwise DONT DO IT!!!Feel like a complete Idiot for being taken for a ride like this.

GOLD account which is 5000$ is the only account that makes sense to them which they can make money from & are interested in. 250$ & 2500$ isn’t good enough business. all they do is convince you to put more money in your account.

Also if you are as naive as me & have no market or trade sense, maybe one should stay away from this. Its NOT all that it looks. I could have been making 1$ trades and been happy doing that. Don trust everything your broker says..!!!

Alex Frost (broker or senior advisor – whatever you want to call yourself) – I hope your listening. All you people are full of SHIT!!! Fault is mine tho – trusted something half way across the world & was ready to give more than i could afford. In hindsight i regret it deeply & am very very bitter about my experience.

Feel CHEATED & A COMPLETE FOOL.

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Tony

04/21/2015 07:06

An unmitigated Disaster….Not Only did I my $30k odd, they lost their so called bonuses of $30k. See actual transcript of my account. I have transcripts of the trades….massive failures despite being told….”we have a room of experienced trader’….each trade at your level must be checked by ‘several experienced’ traders……absolute bunkum….

I dealt with 3 “brokers” each referred to the predecessor as “trading recklessly”…oh but “trust me…III get it right”….Yeah right….just a hand-over of one leech to the next…each trader recklessly advised huge trades that failed massively and regularly…..the pitch was identical….I just want to make this right….we can fix this……Even when I (foolishly) maxed out credit cards…they would push…just let us try and see if we can get some extra funds….Even though I advised the cards were maxed out….”it ok we will back you $ for $ I need to show my boss you’re committed…(I should have been)….lets just try the (maxed out cards again….at least if it fails it shows we’ve tried”….

Yes I conceed…under financial pressure…..I let my poor judgement get in the way…..and now I have a $30k debt to deal with….As I said…..unmitigated disaster…trading success…..less than 10% of trades were successful….a financial train-wreck…

They pressurise a person to exhaustion.Very , very persistent calling you seemingly unstoppable.I lost 10K (USD) through outright poor trading via theirgurus, fake names I am sure.Elliot Greene, suppose to be their master blaster.Stay away guys!They WILL loose you all your money and then desperately try to recover your losses by asking for more to be deposit.

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Gerry Harris

04/08/2015 13:56

I totally agree with PissOff and would also like to enlighten others

one is PRESSURED to add more money to the account – they said how about this CC – I said it is at max so they tried it and added 3 THOUSAND to my already over the limit CC – so this gave me an “apple product” I have signed papers to that effect and I have yet to see the product

Binary traders always say we will invest no more than 25% of your stake so you will not lose – YEAH RIGHT BULL CRAP

here is the deal – you are on Skype with a trader – Gerry something BIG is happening with xxx so put in 8 thous (I had 15 in the account) 10 minutes later – this is BIG – put in 8 to YYY – whoops you do not have 8 thous – how much then put in the 7 as we are going to win bigBOTH CRASHED Now they will not even answer emails or skype

STAY AWAY

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Roger

03/28/2015 18:44

I would never recommend Banc De Binary ever! I invested a large some of money to make their Gold account, was assigned a account manager Peter Anderson. After numerous phone calls promoting how I’m going to make my investment grow by 80% etc …. etc we started to trade with short term binary trades. Peter advised me to trade £1000 on each trade and taking his advise I traded with this amount on each trade immediately as he sent through his signals. In the first round of trading I won 5 and lost 5. When I reported back my results he said “ok we’ll do a recovery session”…… Yeah right! Once again I trusted his decision and stupidly went along with his advise. In the second round I won 2 and lost 8 which damn nearly wiped me out. Losing thousands in a matter of a few hours.I’m really kicking myself now as the signals I’ve been getting from else where have been brilliant, and if I’d applied those signals at £1000 a time like Peter had advised me, I would be well ITM now.My advice to anyone is please don’t get talked into paying more money than you can afford into these brokers. Do not get talked into accepting their 100% bonus as there’s always a catch! And don’t bother with an account manager. If you’re serious about trading online, do your own research. Account managers just want your money, whether you win or lose.And guess what, I’ve not heard a thing from Banc De Binary after losing near everything…. Surprise surprise. I don’t think I’ll ever be able to get any of that money back even though I was following their account managers advise. Just wouldn’t want anyone else to be sucked in like I was.

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Clive

03/21/2015 13:32

I was desperate last year to make money fell for a scam called INSURED PROFITS, to join it said to select a broker, I chose Banc De Binary,spoke to a very nice lady called Sam Taylor who offered to give me a bonus, she didn’t tell me it would screw up any chance of a withdrawal. After this I had many phone calls from many people trying to persuade me to put more money in the account. Luckily I didn’t!Personally I would never recommend them to anyone. Stay as faraway from this company as possible!!!!! Oh I did use Insured profits software for one week, outcome – I lost 96 USD. Now looking for a legit Bot to use with Banc De Binary, but can’t find any working ones that don’t require you to use their brokers…Pissed off wirh Binary Options now!

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Viktor

03/19/2015 18:22

Bank De Binary are spammers. They’ve been calling me every day of the week for like 2 months now. Sometimes they call me 2 or 3 times from this number: 00442033188708

You know what they say about spammers. I will never ever send 1 eurocent to that “company”.

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David

03/16/2015 02:54

Hi , Last year I opened an acc with BdB and it turned into a night mare.I just got hammered with phone calls for more money to get my acc up to some other level.After all these calls I decided it was a scam and a rip off but was told I could not get my money back.I decided to approch my bank ANZ and told them of my problem. They said , as I had paid via a credit they would investigate. After some paper work from myself and about looking into it, I was notified that all my funds would be returned. So I would recommend that if you have deposited funds using a credit card speak to your bank.

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Vinod

02/25/2015 22:04

I wish I came across this earlier….Buyer beware with Banc de binary… Opened a small testing account to learn to swim in options world. Then Banc de Binary rep calls to have me deposit more and stating that they will give a bonus of funds blah blah blah. And more is not like 200 or 500 USD they want in the thousands. So I added more funds couple of thousands hoping to get bonus plus direction in trading signals (call/put). All I kept getting is calls from Brad Collins or Martin Baines to fund my account so more funds more bonus and hopes to trade in future with slow study pace. Shortly I deposited my first amount, Martin Baines was no longer with company or has moved on but before he left he setup two orders for me or with me because they never setup orders on you behalf but state based on their Analysts. They are like mavericks with your money. NO Money or risk managment. Full amounts setups on almost all trades. Anyway both orders he had me setup went down south my entry money. Yes, entire almost entire amount… have 200 usd left asked for withdrawal. lol let see what happens. I will keep you all posted.

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Even more pissed off

02/24/2015 19:33

On 11 of February I signed for 100percentprofitbot, poor idiot me Sad smile,with 500£ deposit to Banc de Binary, as I was assured that bot is workingexactly the same with one broker as with four. Same night my account managercontacted me, when I was at work in hurry, asking me if I would like makeserious money, cause bot is only a bot and it blew out my account sooner orlater. So now I have been left in option loose 500 or make “serious money inno time” by making an extra 3000 pounds investment +3000 bonus. I will helpyou, you don’t have to worry about, just follow my instructions, . Oneminute later he came back with “good news” cause he has managed to charge mycredit card with 4000, I knew already that he overcharged that card forabout 1000, but I did not want to make him angry, so I kept quiet, I stillcould manage with that debt, as I was assured again that I will be stinkyreach, by the end of February. So 500 previously deposit made + 4000 thatnight + 4500 bonus, it created nice starting capital of 9000, of course heforgot to mention to me THAT FACT: I can make my first withdrawal aftertotal turnover of 4500 of my deposit plus 4500 bonus times 20 which adds upto 18 000 turnover OMG!!! On Thursday morning 12 of February could not findmy AM up to 12:30 and I have been receiving emails to sign up DODs and bonusagreement with “small print”. At 12:30 My AM contacted me finally, rushingto sign paperwork to start trading asap so I did, poor idiot me again Sadsmile. After about one hour he has started to send me on skype, as Iassumed, trading signals but without any knowledge or experience withplatform they meant not much to me. And now is the best to put 750£ pertrade. After quiet long argument with him I decided to put 50£ trade tocheck his signals. Unfortunately, due to time of that argument and me being“green” on platform, I lost 3 of 4 position down to “bad strikes”. 3 out of4 signals I could won if I would place them timely. Now it’s getting evenmore interesting. My AM went ballistic about sh*t trades I put, which aregoing to make him look bad in front of his manager as he sent me “VIP trades”, and we are here to make serious money not peanuts, and I have totrust him if I want to see my money back ever. Now he reveals “great news”about bonus agreement and inform me that, it going to take a looooong timeto reach 18 000 turnover and he won’t be sending me signals for 50£ trades.I was thinking for couple of hours and decided to trust him. He posted onemore signal which generated loss, so after long chat and my declaration toobey his orders blindly, I finish a day with capital of 8 171.98. I mademaths and that day could finish 3 out of 5 win which is profit. Friday 13 ofFebruary I have stayed with my AM, following his signals with 1000£ pertrade, most of the day, with over the roof result 9 of 12 wins and capitalof 11 240.98 as 1500 is on long term trade. Now I have started to see hopefor me, made quick calculation I saw huge chance to “make serious money inno time”, by the and of the March I will be coining my trading account bigtime. On the end of Friday my AM is asking for 1000 £ more deposit to keepme on “VIP” signals. So I made another deposit of 1000£ with the othercredit card which for me is was a very good investment for the next week. OnMonday 16 of February my AM posted “trades of the day” very early in themorning but my account was suspended due to fraud check so I missed them. Ithought he will be happy that I found requested 1000£. Now he said to me: “Ineed to try debit your credit cards for 3 500£ each to justify sending me“VIP” signals”. I knew that one of them is drained out with 1000 over thetop, and 1000 left on the other one, so he won’t be able to charge anything.But guess what he comes back with good news again, he charged second cardwith extra grand. Now I was angry but thought that have no choice to recoverdeposit at least. Full of hope I started following his “VIP” signals, 1000per trade, with starting capital of 13 240.98£. 6 out of 11 lost. Bad dayfor trading, pull backs must happen. Capital left 10 780.98. Tuesday 17 ofFebruary 2 out 3 lost his “VIP” signals and he stopped sending me anysignals about 15:55. When I asked him what happened, he sent me screen shotwith 3 extra positions open on 16:10, and one sold to limit losses. Could bea good day. His excuse was: “I stopped sending you signals because I thoughtyou finished for today”. Result end of the day capital 9 500.98. So I askedhim what is the problem? He said that we are going to have differentconversation on the end of the tomorrow. I thought I am a human being to Ido mistakes too. He has promised me to recover on Wednesday. Wednesday 18 ofFebruary, new day new hope 13 “VIP” signals, most of them 1000 per trade, 8losses. Final effect 5860.98 left on my trading account. I lost all trust inhis signals, risk management, my stress reached maximum level. Thursday 19of February I decided to go back on software 100percentprofitbot, when my AMwas begging me to follow his signals, as we need good 4 signals to recoverto 10 000 level. After 2 days staying on bot 19 and 20 of February smallrecovery 7 out of 11 wins result: 6022.26. Long hours internet research,poor idiot me Sad smile again, and realised that boot can blow out youraccount in 5 following losses. Bot stopped. Now I am trying to make anagreement to pay off one card, facing huge interest on the other one. I haveruined my credit score. I feel cheated and disappointed. Especially withBanc de Binary management.

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Interpole

02/19/2015 02:18

Banc de Binary…lost $15k AUDpeople are absolutely bastards…i deposited $15k (i know – i am the dumbest, stupid thing I ever did in my entire life) and lost all money….if they promise you any guidance of making money don’t trust them…I am sure all the background sounds are setup, they keep shouting from time to time pretending they win stocks for other customers – I DON’T THINK SO – THEY WILL TALK ABOUT BIG FIGURES THIS IS WHERE I GOT TRAPPED AND I LEARNT A LESSON TO BE NEVER BE GREEDY***********REMEMBER – QUICK MONEY EARNED WILL BE LOST LOST/SPENT QUICKLY********they always place opposite bets so that they can earn money and you loose….what ever credit they give you when you first deposit the money it’s all virtual money – they will let you tempt so that you can invest more moneythey will also add you on your skype to chat – this is a pure stunt to gain your believethis incident occurred on Feb 5th 2015 – hope this gives an idea about these bastards

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Rosie

01/20/2015 18:20

they made us deposit 250 but took 307 and change out of our accountbefore we signed the online contract. our bank is currently trying to put in a claim to stop it and are canceling the bank card.

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Pete

01/20/2015 10:14

Hi All

I am glad I found this website as I am now trapped in Banc De Binary Bonus. Going by what others have said on the site, regarding not getting their money back, I am now in dispute with BdB and my credit card company and can hopefully chargeback my deposit.

The last straw for me was Friday when my ‘Account Manager’ aka ‘CoCo the Clown’ gave me 7 stock trades and told me other traders go £1000-2000 per trade. Fortunately for me I had traded a small amounts because I was landed with 5 loses and only 2 wins. If I had taken his advice I would have blown my whole account. I have now written to BdB to terminate my account.

I just hope all the people on this site are complaining to Cycec about the bad practices of this company and not just airing their views on this site.

If anyone has managed to get their money back from BdB please let me know.

Regards

Peter

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Aussie

01/17/2015 05:22

Hi All, I traded with them for 3 months and lost 60k. All they could say is don’t lose hope, we will make it back. My Brokers were Elliot Green and Jack White. All they wanted was more money so I could achieve VIP status. What a sucker I am on reflection, for dealing with this company. People, please do your diligence. Firstly, how do the brokers make money? they need your loses to pay the winners of the winning trades. Read or Google what the Forbes group say about binary options. Its gambling your money, the broker has full control on who wins and who’s loses trades. If everyone wins the firm goes broke, everyone loses they make a mint. Have used two brokers and experienced the same out come. Lost all my money. Know a person that there account went from 10k to 24k in one night. The next two trading nights with recommendations from BDB the account went down to 8k. Also the brokers send out NFP trading results, of trades from the previse months trades, back test them, as they do not match up to the events on the actual night. The reason I know is that one month of NFP was a total loss on all trades. Next month I received an mail stating hat they were all winners. This is when I started looking into BDB further. Also there awards are made up, check out the World Finance 100, they are not even listed. Also did there web seminar with the two different binary firms, guess what, they tell you its there senior analyst, but its the same person with two different names representing both companies. Asked my broker and he said, I don’t how who was doing it. Hello – email sent to register, said it was your senior analyst. No comment back. Surprise surprise!!! Not.Again do your diligence! You will lose it all, or never be able to get it back.

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Philip

01/13/2015 03:19

My experience was not the best but I got my withdrawal – to their credit.. I was new to this binary trading lark and deposited the required $250 USD. Before I got caught up with it all I pulled the pin as I did not trust the broker. He was chatting to me but I could hear someone in the background telling him what to say. WTF.!? I pulled him up on it a few times and he said that it must be the echo on the line. Which it definitely wasn’t as the accent was american and the broker was not! He was called Harry P from memory. Anyway it was all too fishy for my liking and I finally said that I was not interested when he asked me to deposit $10,000 USD! HA HA whatever I said! I emailed the head of customer service ([email protected])who was excellent and my initial deposit was refunded to my account within a few days. Looks like I was one of the lucky ones. Oh I did not ask nor receive any bonus… I’m now with Option Rally and all is well. However, I am reading horror stories about them too.

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arnie

01/01/2015 01:29

There is something dodgy about BDB, it seems the prices are way off when you correlate it with MT4 which it doesn’t help when you rely heavy on visual charts.The biggest wake up call for me when watching the last 40sec of my trade I could see I was in the money by 10 pips, but when the time ended i never received my winnings so i checked my history and according to it i lost by 10 pips. I find this very strange so dont trust BDB.

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Paul

11/25/2014 12:53

I have just been rammed by banqdebinary – lost a total of $114000 with them – never been in the black – encouraged to take vip service, but as soon as they operate on you, all lost from day one – first day losses were in region of 40,000 and eventually went down to 6000 – they then said they would put my a/c into “recovery” – beware that just another scam to get even more out of you! Over the last 4 days managed to get over $9000 back, but again traders said that they had a “certain” profit gainer, and they managed to lose everything in one trade….When I had originally joined I did say that I was a novice – beware thats like a red flag to a bull! The one this that I believe was illegal was their refusal to tell me my turnover total – despite numerous enquiries, they never revealed it, which again i believe is illegal under the current rules. Also, when I had requested a withdrawal from them, they said that it would be ok, but had to check etc… but then their traders went conveniently “sick” and couldnt get them back.Their trading practices are underhand at best and its obvious to me that customers money is just there for their convenience, so it a customer looses all their money, they cant really be bothered.Needless to say, since these trades, cant contact any of the brokers, and they refuse to answer any of the live “chats”.BEWARE DO NOT TOUCH THIS BANK WITH A BARGE POLE – IT WILL COST YOU DEARLY.

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Nancy

11/24/2014 17:49

I made my first deposit of 250 euros two weeks ago received a confirmation of receipt from the broker and it was already taken from my corresponding account but until now I don’t know where it was taken. Every time they say they are following up with accounts department which has never gone through.I am pissed of and wish they trace it and refund it back if possible because I don’t think I will trade with them.

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Caroline

12/11/2014 12:41

Hi – if you paid by debit card and the transaction was authorised by visa, then go to your bank and let them know what happened. As two weeks have passed since you made the payment, they will recover the money for you. If you have all of the relevant information, e.g. the receipt etc. showing up in your bank account, they will refund you the money and then get the money back from B de B as you haven’t received your goods. And goods means anything from money available to place a trade, buy a cd, or anything.

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Zabka

11/20/2014 11:52

Opened an account with Banc De Binary last year. They ‘kindly’, illegally withdrew $5000 from my one account and also from my other bank account. I called my banker and asked him to stop the transactions. He laughed and said “trust me – they are going to try just now again”. JUST as he said that the next sms’s came through that they tried again. Thomas Villa, my ‘broker’, denied everything and said that I requested it. Why would I ask THEM to take money off my account if I could do it online by just clicking on “Deposit”?? Any way – I just walked away and am now with an amazing broker at 24Option. REALLY – STAY away from them if you love yourself. It is not worth the stress, anguish and frustration. We are here to Trade – not to babysit brokers.

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Raymond Huang

11/12/2014 13:16

I withdrew from Banc De Binary after making some losses through a broker called Chris Cooper. A week or two later, another broker from Banc called Jack White called me and told me he had good opportunity for me to trade during the independent period. During this period which is a week, my trading is insured or protected. I redeposit 5K and made 8K trading Apple. To continue to enjoy the opportunity of trading this period (last week of October) I need to place fresh deposit which I did about 8.5k. I have had total about 16.5K to trade for the second round and lost a few thousand. I was encouraged to trade for the 3rd round because I was told by Jack I had nothing to lose as it is protected. I left 5560 after the 3rd round and I asked Jack to top up my losses since it is protected. I was then requested to sign an e-letter for bonus participation which I refused. I applied for withdrawal for the balance 5560 and it was not promptly attended to. Few day later a Senior Manager called Steve called me and told me that he is looking into my account and has noted that Jack White recommendations were ill advise. Jack White probation has been extended as punishment. He suggested that I do one last trade with him and being more senior and experienced, he assured me that I will be able to withdraw more than my 5K after this last trade. He is doing this because he cares about Banc De Binary reputation and wants me to have positive feeling of Banc De Binary. I was a fool, took his word and lost my balance of 5560. Incidentally I won 5560 by mistake trading Euro/USD because I was not familiar with the platform. In short Banc deceived me by assuring me that my trade is protected when there was none. All their signals were bad. Delaying my request for withdrawal so as to employ a more experience con man to persuade me to place my final losing trade. I have record of all my Skype dealings with Jack White as evidence.

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Martin Alexander

10/10/2014 15:42

Do NOT open an account with BancdeBinary their business methods amount to out and out theft. Firstly the trades recommended are high risk and mostly losers, they will persuade you to deposit more money for a bonus and then they will not return your own funds when you want them.

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Daniel

09/26/2014 15:03

My experience with this company was absolutely terrible, I used to get phone call after call from brokers after signing up asking me to deposit more and more money into my account all insisting they could make me money, none of them did so and I ended up losing money instead.

Moving on to a couple of weeks after losing money I decided to withdraw any funds I had and submitted a withdrawal request, I waited 2 months for the withdrawal request to go through, and that is not me overacting, I had to phone them, go on live chat multiple times, ask to speak to a supervisor, they seem hesitant to process withdrawals.

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Ed

09/25/2014 09:40

Am I the only one who thinks this is an outrage. The impertinent requesting of private and personal information to open these accounnts, such as: Where did you get your money (I worked hard for my money) and demanding copies of personal documents. Are they able to do this because we are so used to being told what to do and don’t question anymore? When I queried this with one binary trader (I’ll tell you which one if you wish) I received this reply: Under our own authority. “If you don’t like it, take your business some where else and stop wasting our valuable time.”

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Mo

08/21/2014 23:38

Complete farce! I can’t believe I fell for this, I seem to be getting server error suspended for each trade recently since I’ve become a lot more successful. When 90 percent of my trades were rejected with ‘suspended error’ I decided enough is enough. Have been trying together into contact with my account manager since Daniel Charleston but he’s refusing to answer. I honestly thought I’d give it a go and ignore everyone else’s experience but how wrong could I have been, before you open an account read the reviews

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brandon

08/14/2014 22:59

JeEz!! Speaking of Con artists,I received a call from a lying,scheming so called ‘representitive’ of banc de binary,her name is Joy Meyers…..she has told me a whole lot of convincing lies,took my $250 and then left me completely alone,apparently I couldn’t get a senior account manager for myself because they focus only on the big investors,I was given a demo account with an expiry of 24hrs(a demo aCcount according to my knowledge should be life long for the trader to practice).they refused to hand me my bonus at first…and when I wanted to withdraw my money,they suddenly gave it to me,which is like an end game,checkmate move…which means I cannot withdraw until I reach $60 000 which is extremely absurdly impossible…….their trading platform seems to be robot and controlled by them as when for example you choose the 60 second timer,when it reaches zero,and its still on ur winning call…..it says ‘validating’ for another 7 seconds….and then u still loose…..and then after that,when you contact them,you get a message that,they cannot talk to you anymore and unfortunately they have to break all ties……this is a notion of my personal experience just about 2 weeks ago,so yes it is a scam!! Its a money eating business,you’ve read the reviews,these are real ppl speaking the honest truth,In my personal opinion,go 24option as the number one world rated and recommended ligit broker that allows u to withdraw ur initial amount at any time,even the money you’ve won,if you take a bonus,they offer 30 percent bonus,which means u only havta reach a target of $1500 which is greatly at ur advantage and easy to reach,they also give u a life long demo account and u can still use ur live account,u’d be appointed to a senior account manager that will be assisting you personally round the clock,aparently 24option makes money when you make money..so they wudnt be eating ur money and making you loose purposefully like banc de binary…..24option is the way to go,don’t make the mistake I aswell as many ppl did by wasting all of their money without a cent payout in Banc De binary,fake scam artist business

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Harry Smith

08/11/2014 22:35

I opened an account with BDB with a few hundred dollars but was contacted by one of their account managers who promised that if I invested more funds that I would be able to trade with him and make more that 20 percent a month. I reluctantly put $5000 dollars in and he gave me a few trades some of which were profitably, some not but they were made with 2K (about 40 percent of my total account). When I asked why we were trading with such large percentages he said he was not used to dealing with small accounts and continually badgered me to deposit more and more funds into the account without giving me any more trades. Eventually after depositing 25K I refused to put in any more until he proved to me that we could make money. He then proceeded to wipe out my account in about 5 mins and 4 trades telling me to take 7K trades and then doubling up until I had nothing left.Beware this character he is a scam artist and shark but at the beginning sounds very sincere. His name is Sam B. Sloan.

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Rick

07/25/2014 13:48

How could you print such a terribly researched article? I have always trusted BOTS, but this review of BDB is a poor showing for any reputability of BOTS. BDB took my money and closed my account when the SEC filed suit against them last year. They refuse to return my money. This may be a good company to work with outside the U.S., but any minimal research would reveal:

Please note that the SEC receives complaints regarding securities solicitations made by entities that claim to be registered, licensed and/or located in the United States in their solicitation of non-U.S. investors as well as entities not registered in the United States that are soliciting U.S. investors. These claims are important because when an entity claims to be registered with the SEC, it is in effect claiming that it has made itself available for SEC regulation and oversight. In an effort to warn the public about these unregistered entities, the SEC publishes information about them as part of the “PAUSE” list (www.sec.gov/investor/oiepauselist.htm). PAUSE stands for “Public Alert: Unregistered Soliciting Entities.” Banc De Binary appears on the PAUSE list as an entity that claims to be located in the United States. However, there is no U.S. securities firm registered under that name.

Additionally, as you may know, on June 5, 2013, the SEC filed a civil injunctive action in the United States District Court for the District of Nevada charging Banc De Binary with selling binary options illegally to U.S. investors. The SEC alleges that Banc De Binary has been offering and selling binary options to investors across the U.S. without first registering the securities as required under the federal securities laws. The company has broadly solicited U.S customers by advertising through YouTube videos, spam e-mails, and other Internet-based advertising; and Banc De Binary representatives have communicated with investors directly by phone, e-mail, and instant messenger chats. Banc De Binary also has been acting as a broker when offering and selling these securities, but failed to register with the SEC as a broker as required under U.S. law. Additional information about the SEC’s complaint is available on the following webpages:https://www.sec.gov/litigation/litreleases/2013/lr22718.htm and https://www.sec.gov/litigation/litreleases/2013/lr22767.htm.

Although the SEC is seeking disgorgement plus prejudgment interest, financial penalties and preliminary and permanent injunctions against Banc De Binary, among other relief, it is it is too early to tell when or if funds that are recovered and available for investors will be distributed according to an approved plan. In the interim, you will want to monitor the Division of Enforcement’s webpage for updates on this matter:https://www.sec.gov/divisions/enforce.shtml.

The U.S. Commodity Futures Trading Commission (CFTC) also has filed charges in federal court against BDB alleging that it operated an unregistered futures commission merchant and, from May 2011 through March 2013, operated an online trading website that allowed U.S. customers to trade options products prohibited by the CFTC’s ban on off-exchange options trading. The CFTC seeks civil monetary penalties, an injunction preventing Banc de Binary from engaging in certain commodity options activity with U.S. customers, and other remedial ancillary relief, including restitution, disgorgement, and rescission.

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Cogs

07/28/2014 06:02

Contact a lawyer in cyprus pretty straight forward

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Sue

07/14/2014 04:47

I hate bdb, i don’t know about their cash account but their bonus is a trap to steal your money.

I put a $3500 and got 3500 bonus after the first NFP they lost 1000 i wanted to stop then and there but they kept offering bonus after bonus with a high turnover but i just wanted to take my money and go back to forex. but when i tried they said i had to trade 125k turnover 70x my bonus deposit level of 7000 not my 3500 . I was disgusted.so they put a new person on me and forced me trade night after night with loosing trades till my 3500 was left in my account i was trying to get back to 7000 so i could tell them to stick their bonus and rewind my account back. But again another new person to to trade me praising themselves to get me back on track again another even and more money lost. 2000 left… i wanted to stop but they bombarded me with offers of bonus and adding more money in my account every minute i was disgusted again.. moreo more more money. was their answer to my losses and blamed the trader prior as not being experienced enough.

i left it sitting with 600 for months trying a way to trade to the volume which i am at 54k but now where near the level needed. IMPOSSIBLE. Which was an outright lie that with their skill and help I will achieve the bonus level easy by the time limit as their wasnt any. Now my account is $55 and again they want me to put more money.This is just a joke and a scam the (bonus) is just a way to hook people till they loose.I sent up another platform with another trader and traded the exact trades and won with them and lost with bdb they have set their platform to fail as the trades lock up at 10 mins. and the trades i was winning on were 5 and 10 minutes trades which binary is good for.their is too much movement for 15 minute trades. it is rigged like the pokies. it is gambling. i am now going to persue this through asic in australia to shut them down. they should not be trading or going for regulation with this set up on their platform Also they have slippage of about 120 pips before the close of each trade which will never win.. only give you a few to keep you going.in all the trades i did with the other broker they all won.

So to recap never take a bonus it is rigged to never achieve and never trade binary only daily as it has more move chances. that is how i won on long trades.. but i am going to persue this and any one else who wants to sue them to get your money back. people power can do. i took money out my mortgage and fell into arrears over 6 months and nearly lost my house because it was suppose to be a short term loan. I am not happy my account is still open and they are still making me to open another account with cash 1000 and put my debit card in debit and accept the payment when the bank and accounts dept ring to verify the amount.. it is fraud as well. they have no conscience and just want to make money themselves. because they make money volume trading win/loosse.

STAND UP AND LETS GET OUR MONEY BACK.

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Day trading beginners

08/04/2014 19:56

I suspected they were rigging trades too. They would close in the money but would then lose. I asked why I chat, how can it be winning but then lose? They said it was due to timing differences in the platform. So I asked how I can possibly open trades when I don’t even know the price as they give you the price you see when you enter a trade. I got no answer. I had three trades opened today, all the same pair and one of the “current prices” was different to the other two, lower and putting me out the money! All very suspicious. I went into chat and asked why this was and suddenly the prices were all the same. Regulated or not they are at it with the prices.

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John A

11/17/2014 01:22

What brokers do you recommend in Australia?

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Down with BDB!!

05/21/2015 12:03

Fully agree!!! How do we do this?? Let’s band together! I hope those bastards get what they deserve. Maybe set up a FB page and see who else wants class action?

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Greg

05/31/2016 21:56

Hi, my name is Greg, I’m in very similar situation with BDB, can you please contact me?

Kind regardsGref

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James

07/03/2014 05:50

I have read a lot of mixed reviews regarding banc de binary so I decided to find out for myself if this is a reputable broker or not. So I opened an account and funded it with the minimum $250 USD. I left the account alone for a while and after a week or two placed a $15 trade which expired in the money. I then proceeded to withdraw the entire account to see if they would allow me to withdraw profits. The withdrawal option requested a wire transfer which according to their information is free. So I decided if they would pay me the full amount I would be happy to deposit a larger amount and continue to trade on their platform. Around 3 weeks later I got an email asking me for wire transfer details. Another week later I see they cancelled my withdrawal request and created a new one for only $250 (my original deposit) as a credit card refund. Due to their behaviour I will not do any further business with them.

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Eduardo

06/16/2014 22:17

Whoever wants to claim these scammers, go to the expo that will be in Amsterdam link: https://www.financialpartnersexpo.com/amsterdam2014/. They will be at the expo will be more where brokers introducing business. Good luck to all.

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Mick

06/16/2014 09:20

Hi Everyone,Firstly let me say I have recently left Banc De Binary and I have nothing nice to say about the company except, STAY AWAY, I was with them for about 9 months with similar experiences to what Paul mentions in his last post on 9th June,I actually had a VIP account level with $50k, and trust me when I tell you it made know difference whatever, the service was still very average and the constant harassment to deposit more funds is endless with almost daily phone calls, you think after depositing $50k they would be satisfied wouldnt you?, I have never been so angry and frustrated dealing with these people when it came to withdrawing my funds, (no bonus taken, either)it finally took about 6 weeks to secure my money, which seems to be about the standard duration for these cowboys, these guys are truly terrible people to deal with, they treat you with complete contempt and have no respect for you and treat your money like they own it, not you, so called managers would call me and ask me to explain why I was taking my money out, like its any of their business what I do with my money, so to sum it up, stay well away, they break their promises and dont deliver anything they say they will, there are much better brokers out there than these guys, hope this post saves some people the pain of dealing with these total A holes, Mick out

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PAUL

06/09/2014 15:00

I opened an account with Banc De Binary, last year September (2013) I have been losing even with the tips given by the Account Manager. I stopped for a while until this year when i deposited $1500.00. Last year when I realized that i was losing i requested a bonus which they did not offer then. This year after they demanded i made some more deposits though I declined, they kept on sending request to my bank and fortunately my cards had no balance to can withdraw from. But After payment of the bonus the same day with the Account Manager’s tips i lost $4000.00 in 2 minutes then i decided to give the Account Manager a boot to say he must never ever try to help me. I then started trading on my own and have went up to $17 000.00 in my account. I then requested a withdrawal of my profit but still today I am still waiting for my money. It is going for a month now since I made the withdrawal and every time i make an inquiry I am told the same old story. I have written to the head office with no response, I only get responses from their Compliance department that they have a back log of withdrawals. I am doubting the credibility of Banc De Binary now and I am worried. That’s my short story with Banc De Binary. They are quick to debit your account but when it comes to them paying you its another story. Trading now on their platform I think it is manupulated, when I place/take a position the rate that i select will be different from the rate the platform will indicate. and when it nears expiry it will either go up /down than the rate I placed and will lose the position and every time my investment will end out of the money. The aim I think is for me to lose all of my money, and I stopped trading waiting for my withdrawal.

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johhny

06/06/2014 18:21

After depositing £250 I opened an account with them, After a week i got phone calls every day from a broker asking for £5000 for a group session, I deposited a further £500, as the days when by i was losing money the broker was giving me losing trades.

I lost £300 in 2 days, i finally told the broker to get lost but he continued to call me every day, so i changed some account detail and put a wrong home phone number. I did manage to withdraw £200 but hav’in problems at the moment as my account is verified in one place but not the other lol.

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SCAMMERS?

06/02/2014 09:31

Update: 15th Feb 2014Finally my payment request has been fully processed and paid into my Skrill account. Hooooray its only taken 6wks :-(

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Naledi

05/25/2014 17:36

Its always important to read the Terms and conditions regarding bonuses. I read on 24 option that you have to trade 40-50 times your initial investment in order to withdraw anything other that your initial investment……..

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Dicko

05/01/2014 14:23

Hi all,thank you for all your comments. I have just create my new account on BDB in Spain, and 2 minutes later a receive a call from one of their agent and he has been pressuring me to fill up my credit card number to start right now and be rich.But as we need to be so carefull now on internet, i didn’t trust any comment below the youtube video, and start searching for other defavorable comments and i was linked to this site.I’m closing my account right now before receiving some fucking eamils to remimd me somethings.Thx,Be happy!

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nuno

04/15/2014 12:50

Please don’t use banc de binary, if you try to perform trade during news release the platform simply hangs and doesn’t submit your order, or worst I did several rehearsals with 3 minutes options and looking for the metatrader and could see that I was in the money but banc de binary doesn’t show any output for almost 2 and half minutes and then puts you out money, and after that you see a suddenly update. I did several experiences like that and the answer from banc de binary was because I was trading in another broker. If you like your money don’t use banc de binary it will burn you out.

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joery

04/14/2014 15:39

I’ve created my account on 2014-04-08 12:06:59

My regulation Status is aproved. Thus my account is asgood to go.

BUT

I made my account throw the software ofBig Cash Giveaway.So far so good.They promised me an bonus of 1000€ who i didn’t get yet,and I’ve asked on the live-support if it is possible that anaccountmanager can call me.That i’m been asking from the first day onbut NO-One didn’t call me yet.Are there any problems with my behave or what do I have to think about it.Is my money not good enough or what seems to be the problem. The live support is very good.BUT it seems that a SIMPLE accountmanager can decide if you are good enough for him to call you or to help you or to give you the promised bonus or to let you trade anyway!!How is this possible.I’ve sended many emails to [email protected] but had no response till now.It’s now 2014-04-14 13:15 and nothing is resolved yet.What kind of Service is this.

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John D (not real name)

04/10/2014 01:55

Banc de binary is a very shady company.Broker keeps calling about all the benefits of trading with them, after deposit I came to realize I need to submit all sort of I.D which would result in easy I.D theft and hijacking of my whole life and after submitting the same i.d numerous times the account has not been activated to date(nearly a month). no response no reply.

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Martin M

03/20/2014 10:58

Hi I just created an account, and I am trying to: “Take Position” but everytime I’m doing it it is saying: “Sorry, but the position you tried to open could not be taken due to the option no longer being valid.”

And it doesn’t matter if i’m doing it when there is 1 hour left or 30 min or 3 min. I can not “Take Position” at any time.What do I do?

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SCAMMERS?

02/05/2014 11:07

### User Reported that all Issues with Bdb were Resolved ###Deposited $250 and was doing well with my trades, then I started using a different broker plus Meta4. Decided to withdraw my money from Banc De Binary account and that’s when the trouble started!!!My account is verified by them so I thought, only a few days and I would have my money back, boy was I wrong…My request is still set to pending and its over a month now since I submitted it to them.I have sent them dozens of emails with little if any response back.Then on the 31st Jan 2014 I was sent this email;Dear Mr.************My name is James from Banc De Binary, I read an email that you are experience problems with your account, how may I assist you?RegardsJames E. Green

I reply to him the same day with my details and guess what!!!My account is still set to pending and I’ve had no contact since my reply :-(

WARNING: STAY AWAY FROM (BANC DE BINERY) THEY ARE JUST AFTER YOUR MONEY, HAVE VERY POOR CUSTOMER SERVICE AND DON’T LIKE TO PAYOUT WHEN IT COMES TIME FOR YOU TO COLLECT.

I will no longer be contacting them personally, the matter is now in the hands of my solicitors.

Regards

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Frustrated

03/07/2014 04:39

I deposited $250 with BBianary in Nov13. Only took one trade and didnt take any bonuses. I decided 2months ago to request a withdrawal. I sent all the required document and they told me i should receive my money back in about 2 days. It’s been 2 months. I emailed my broker several times but no answer. Instead I keep getting phone calls from them to deposit more money and how they want to help me make lots of money. The last person i spoke to was 2 weeks ago and I told him i didn’t want to trade with them and he asked why. I said for a start i don’t believe in the integrity of your company and your lack of communication. You should know and see on my account that i requested a withdrawal. He hung up the phone. I then decided to start chat on their website. It said 4 mins waiting.You’re number 1 in the queue. 2hours later….still waiting…. I have nothing good to say about Banc De binary.

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Frustrated

03/07/2014 04:44

I dealt with the same guy. James Elliot Green. He hasnt returned my emails for more than a month now. Still waiting. I don’t care about the $250 but what i cant deal with is dishonesty and scams. They are quick to take your money and it’s not like I made $100k and requested a withdrawal.I simply asked for my $250 back. For a company who makes millions I just dont get it

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Bartek

01/27/2014 02:32

I read quite a lot about this one, was inches away from opening an account with them, but now I am not to sure whether I should. The one good thing, in my opinion, is this, as far as I’m concern they allow you to trade for as low as 1 EUR/US/GBP! Not with a 60 sec I heard but then again, it is more of a gambling then trading ( 60 sec ). Compering that with an average of min 20€ per trade with min deposit of say 200€ it is a good thing. Having a choice of spending only 1/250 of your assets on any given trade is an advantage especially for inexperienced traders.

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soren

01/25/2014 17:46

i joined BDB and put in a some moeny, now i got a personal broker with BDB.at first he seem nice, but over a course of 3 months, he only gave me loosing trades. he did not do bankroll untill i made it cleare to him that i only wanted to do safe trades. yet i still only got loosing trades. now im stuck under the contract , so i cannot get what moeny i have left, money out.

so there traders say they know what they do , but they dont.they dont do bankroll.they dont ajust to there customers.and they will youse every chanse to get more money out of you pocket.

worst 3 months of my lift.

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RAFIK

01/19/2014 23:13

KAMILA DONT MAKE THE LION ANGRY.YOU WILL BE SCARED IF IT LOUDLY ROARS:)FEEL SORRY FOR YOU THOUGH. YOU SHOULD NOT HAVE THREATENED THEM FIRST OF ALL AND YOU SHOULD NOT HAVE ACCEPTED THE BONUS AS THERE ARE ALWAYS CONDITIONS LIKE FOR EXAMPLE A CERTAIN TURNOVER TO REACH BEFORE YOU CAN WITHDRAW UR MONEY .

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Roger

01/18/2014 06:08

I use B D B with success and I believe they are now registered.R

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Kamila

01/06/2014 19:41

Hello Here is my short story of copperation with BDB .This text is also a part of formal complaint that I have filled on CYSEC page .

I also warned BDB that if they do not resolve the withdrawal issue I will authorize my lawyer to undertake any legal action incliding criminal charges

I placed the withdrawal order on 3/12 /2013 The order is still not processed on 03.01.2014I have received the bonus for depositing the funds when opening the account.Because I have not reached the turnover required by BDb to withdraw my funds +bonus I agreed to take a penalty fee (30% of deposit) Bdb required the verification .During the course I have provided all necessary documents for verification purposes (also the bank letter confirming that bank card used to deposit the funds was replaced) I was called three times by two representatives to confirm that I am going close my account .Despite my requests to process the withdrawal request in a timely manner BdB delayed any action on purpose.There is no proper client support.The support team is anot allowed by the Bdb to provide clients with the last names in order to avoid identification ( needed for complaints as this ) Also they do not provide any letters in response avoiding issuance of documents that may be used against them .The only replies that I have received are emails stating that the request had been passed to apropriate departament

In my opinion I have undertaken all actions necessary to close the account accordngly to T&C and withdraw the funds

It seems that companys policy is to keep clients funds ,delaying wthdrawals on purpose or my case is the first warning sign that company may go bankrupt

I have already written off the account value(few thousands of EUROS) ,seeing it as lost but my complaint may be helpful for others to avoid loss

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Fulya

12/04/2013 14:34

I have an account with bancdebinary firm and after opening my account I received a phone call from their head-traders telling me that they offer their clients a vip account if the client deposits £5000 and they will give trading signals and are helping their vip group members earn at least £500 per day and so I accepted the offer. Unfortunately the trader who was supposed to help me build my account made all sorts of mistakes including avoiding risk to reward rule by getting me to risk £1000 per trade during news announcements and my account balance dropped to £1000! I requested withdrawal and complained about this issue and their response was that I was responsible for all the trades I took! I complained because I was given promises and guarantees for a good amount of income and this is how I ended up. Also it took them 2 full weeks to transfer my £1000 back into my account. This company is a joke and they just take the mickey out of their customers so please don’t even consider dealing with this company at all for your own safety….

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pete

12/03/2013 11:29

they want 5k for vip account which send you tips 90% accurate mmm , i was getting calls from them all the time to sign up ,when i asked for there london address he put me on hold as he didn’t know but he works there,i dont trust them ,&90 accuracy , lets all get rich quick and retire i believe that story every time,

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S Roberts

11/28/2013 12:32

I found this about Banc be Binary on the SEC website. There’s no denying this trouble. They are NOT regulated in the US. Nice internet ads though. As I watched I went to the SEC to see if they were regulated – No deal. I’ll look elsewhere.

I am with Banc de Binary and I am extremely unhappy with their service. Anyone want to hear about my experience with Banc de Binary, feel free to message me.

The Banc de Binary platform is extremely shady. Either they are constantly having technical issues with their platform or they were spreading me (unlike what it says on their website where they guarantee no spreads): Recently, when I would place trades, the value at which my trade was taken would not reflect the value at the moment at which I clicked. In addition, they used to have a cancel option, which they arbitrarily removed, and when I asked about it, I was told that it was because I had “abused the option too many times” (Does that sound ridiculous or what? It says nothing on their website about the cancel option being removed if abused too many times. What does “too many times” mean, anyway? Either you provide that option or you don’t. If you take it away, then I am forced to believe that you just want to make me lose money on purpose…!)Furthermore, I made a withdrawal request almost one month ago – and it is STILL pending! When you ask any one of their agents, they will tell you it normally takes 10 days. This is NOT TRUE. I am living proof. I made my request October 30, 2013. Today’s date is November 26, 2013. You can judge for yourselves.

I am voicing my complaints publicly because in choosing your broker, I hope you don’t fall into the same traps as I have.﻿

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Marcelo Loyola

01/15/2016 03:17

Thank you for confirming these issues about their platform and the changing Strike Rate value after you click. This happens way to often with the value always changing in the direction of the trade to guarantee your position expires Out of Money. The fact that they removed the cancel option is proof that they are only interested in making sure traders lose their money.

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Wes

11/26/2013 11:26

The number one reason that they suck is that they provide support for (or more likely are themselves) spammers. I never heard of them before getting spammed by scum that hide behind overseas throwaway accounts that allow them to steal bandwidth, lie about their identity and harass people who don’t want their crap so they can get their hands on other people’s money. Spammers and their support services are never to be trusted. Ever.

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Leon

11/09/2013 12:15

A couple of weeks ago I opened up an account with Bbinary. I got bombarded with phone calls and eventually I decided to answer. I spoke to a guy called DAVID PERRY; to got a long story short; they tried to deduct $5000 from my credit card and when they couldn’t; tried in chunks of a $1000. This all happening while im talking to the bastard. (I NEVER gave them permission)

(**Offending Comments Revmoved)Anyway; I have reported it to the bank and there is now a fraud case open.

Never give your number – at least until you are certain

When you get a call from David Perry – hangup!

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naim fauzey

10/06/2014 23:09

This happened to me too. Then how do you deal with it? I have no idea how they made that transfer. In my part is the ask me to transfer up to 10k USD. And probably it didn’t go through so they made a transaction of 1k USD without my permission. I mean this is already a fraud isn’t.

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Gilbert Dwight

09/12/2013 10:04

Their account managers suck, are to aggressive its all or nothing and they keep asking for more depsits and even if you say no they go ahead anyway to take money from your bank account without authority. Had innitially made some profit but the broker lost it all in 3 trades with his all or nothing approach. As for teaching you how to trade properly only if you put more money in the account. Have been able to make 1 withdrawel but that was minimum ammount of$100 USD . if I had had been able to see any reveiws of this mob earlier I would not have gotten involved with them. Cannot see in the future my chances of ever recovering my money from TraderXP. Keep Away

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Leon

11/09/2013 12:19

Im with you there! Same thing happened to me….Don’t told me you spoke to a David Perry????

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arkasha

08/16/2013 19:08

the post made Sarah Fenwick listing the links with youtube video, they are reading the prompts, they are not being interviewed, he is clearly reading the prompt! Interviews are made without reading anything, you can clearly see their eyes moving when they are reading, bunch of thieves!

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Bill

07/10/2013 22:16

I opened up an account about six months ago and I have four hundred dollars left in my account.As of a week ago I got an email saying that that is broker is not available to US citizens, and now they won’t refund me what’s left in my account.So I have nothing good to say about banc de binary.

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cameron

05/28/2013 18:24

Banc de Binary does a lot excellent reviews — by themselves. They are eager to take your money and possibly never let you to withdraw. They refunded my deposit minus 7% (‘handling fee’) after prolonged time. I was lucky not to take any bonus and not to trade with them with real money at all.

Keep away from them.

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Bang chango

05/22/2013 22:47

Hey don’t touch them.I deposited $500 on the premise I would get a full bonus. Didn’t get a thing.

THEY ARE NOT REGULATED THEY ARE ONLY REGISTERED VERY BIG DIFFERENCE

IT MEANS NOTHING AND DOES NOT PROTECT YOU ONE BIT.

ABSOLUTE COWBOYS

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Andy Mueller

05/07/2013 22:06

I was a BDB customer but decided to leave them a few months ago. After my documents were in order, I received my full account $$ withdrawal with no problems.The biggest issue I see over and over is that people accept bonuses (and other terms of the contract with ANY broker) without actually reading and understanding ALL of the information. For example, almost every binary options broker that offers a bonus has a condition that after you accept the bonus you must trade 15, 20 and even 30 times the amount of the bonus in volume BEFORE you can withdraw any of it. READ the terms and conditions, people, all the information is there.Personally, I have decided to give BDB another chance because they are now regulated, their customer service has improved and they have good trading hours on many of the assets I want to trade.And, LEO, being regulated IS a big deal. If you’re a broker, being able to say you are regulated boosts your respectability TREMENDOUSLY and that is not something brokers will be willing to jeopardize with shady business practices.

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Leo

04/16/2013 08:53

Yes, it’s now regulated by Cyprus. But again, regulation is only telling you that they follow the guideline, but it does not tell you how good experience with the broker. I personally feel that banc de binay service is a little pushy, they keep asking you to accept bonus, and different broker keep contacting you asking to join their group. I will like stockpair – get to know from goodbinary.blogspot.sg

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Chris Burgess

03/12/2013 02:23

To pierre Banc De Binary is now registered with the FSA for that reason I am giving them a shot at it I think

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Ralph B

04/03/2013 18:09

Chris-how did you do?

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John Andry

03/10/2013 23:26

Bank De Binary is like dealing with the Chinese Mafia. They will keep your money and not release it. They have had my money since October 2012 and will not give it back. They will essentially convert your money to their’s. I can not get it unless I go to New York and sue them for it and hope to collect.

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silverhorse33

02/06/2013 04:20

Banc de Binary does NOT appear on the Worldfinanace100 list, anywhere. The interviewer is never shown, and the interviewee is clearly reading a prepared statement.

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Laurent

12/06/2012 11:49

They are scammers.

Waiting since one month for my bonus.after 2 requests, still no news.

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Juergen

06/27/2016 13:15

Hi, Laurent.be happy you did´nt get any bonusses. It´s slmost impossible to regain your depositrd money since you will have to trade 20 iomes the bonus money ontil youare able to withdraw your initial deposit provided you haven´t lost it in the meantime.Anyway, Banc de Binary is a trustworthy broker according to my experience.You have to read and eccept the regulations .Juergen

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Peter

11/16/2012 07:31

John, they made a fake top 100 list where they put themselves in the middle of some random legit businesses for credibility. You wont find them in any list made by reputable organisations.

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Sarah Fenwick

11/16/2012 15:07

On behalf of Banc de Binary, the World Finance 100 is not ‘fake’, it is a legitimate and well-respected award. Here is a video of BDB’s CEO being interviewed during the awardhttps://www.youtube.com/watch?v=AR0xEK2NED8And more about the award here:https://www.worldfinance100.com/You can read all about Banc de Binary here:https://www.bbinary.com

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Sarah Fenwick

11/02/2012 12:28

On behalf of Banc de Binary, we thank everyone for their interest in our company. You are invited to read our Compliance and Education documents which can be found on our websitehttps://www.bbinary.com, and feel free to contact us via Live Chat or any of the other channels available. We’re also excited to confirm that CySEC, Cyprus’ accredited regulator, is processing our licensing application, as it is one of the first EU jurisdictions to regulate binary options. Banc de Binary has four offices worldwide and has just established an office in Cyprus. We welcome any and all inquiries, our full Contact information can be found here at bbinary contact us.

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John

10/31/2012 17:03

Hi guys, how do you explain the BDB is listed amoung the top 100 companies in US?

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richard

10/24/2012 16:34

i called them and i was told they will be regulated in a month

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Patrick Shin

09/18/2012 07:06

BancdeBinary is running their business based on the assumption that every trader is doomed and destined to lose all eventuallywhich is why they give bonus to new clients with such a dirty string attached that a new customer who accepted bonus must trade twenty times the amount of his/her original investment before they are allowed to withdraw.Not two times , but twenty times as much before withdrawal !!!

Before going to BDB, you should have googled and typed the keyword “banc de binary sec”Below are more stories about these con artists.

When forexpeacearmy.com tried to expose their personality, they attacked the site by relentless spamming from Israel and Belgium.Words are spreading fast that they are hiddenTake your account, instead, as the “forced” chance of exercising how to trade binary options.

Over and above all those pitfalls, it is extremely difficult to withdraw money from BDB.

Deposit is no problem with any and every broker. It is the withdrawal that separates good guys from bad ones.

For your reference:(1)Originally I was attracted to this company by the so called “recommendation” by some broker review website which gave five star rating on BDB.It didn’t take less than a month however, before I came to know that it was BDB that runs the review site.They are running a trading site and several review sites together.What a scheme!!Review sites run by BDB are binaryoptionsdaily.com, binaryoptionstradingreview.com, binaryoptionsreviews.biz, mybancdebinaryreview.com etc, just to name a few.

(2)What made me rest assured more about BDB was their office location that was explicitly designated in the TrumphTower building, Manhattan, NewYork.TrumphTower, Manhattan and NewYork all combined together would make a great reputation and trustworthiness without doubt.But you know what happened next?

Ha….. they were not operating business there. They rented a fake room like a mail box only to satisfy the business-law requirment to launch a company. It is a pseudo room in the strict sense with no staff, no human being all day long.

My friend,living in NY,who also have an account with BDB living has been there in Trumph Tower to check and verify their actual, physical business.But to his shock, he saw complete absence of such name as BDB on the tenant list of Trumph Tower building.

Long story short, please realize that sharks like BDB abound every corner you come across in the sea of forex world.Take extreme caution and stay as far away as possible from Banc de Binary!Many thanks for your reading and wish you a good luck !

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Tim

09/04/2012 20:33

If BDB was so bad, why is it listed in the https://www.worldfinance100.com/ site?

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daz

01/10/2013 03:44

—-If BDB was so bad, why is it listed in the https://www.worldfinance100.com/ site?—–

It’s not there now.

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pierre perpall jr

07/25/2012 23:57

hey ,i was told that Banc de Binary is now regulated,is it true?

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Cs grey

04/21/2012 14:25

Please hurry with the update on banc d binary it seems to keep showing up as one of the top BO brokers, what going on

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PISSED OFF

03/23/2012 15:14

I opened an account with Banc de Binary a few weeks ago ($500) and opted for the $125 bonus. Big mistake! I am a newbie and decided to withdraw $400 after I was doing ok and was told I could not withdraw ANYTHING until my trading turnover reached $17,000 and I was currently at $1,780. I don’t trade big because I’m not that experienced and I want to be careful with MY money. I was thinking I could supplement my income, but now I want to close my account and they better allow me to do so. They basically hi-jacked my money. I was told by customer service that I signed for the bonus and the only option I have is to get up to $17,000 turnover and it would not take me that long. Before I lose all of MY money I will demand they close out my account and return MY money. I was told that if I want to withdraw at anytime without the trade turnover crap I should have refused the $125 bonus. Beware of bonuses because they’re there for a reason.

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Christine

10/18/2013 21:26

Pissed off

I understand your experience, I think with any broker, do not take any bonus, it is always a trap for the trader.

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Gus Wieland

06/26/2014 16:12

Hi there. I have opened an account with BDB just min silver £250. I got a call to deposit £5000 in order to profit more. Call me crazy but what why would you pay that much to start with. Hovever their platform seems O.K decided not to go with it. And close my account.

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sammy

07/23/2014 19:46

Thanks for the heads up mate, I’m trying to decide weather to trust and invest in these guys-but one things for sure-there’s always a catch!’if it sounds to good t be true, then it probably is’!

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Ray

03/13/2015 10:25

The same happen to me, They kept insisting on more money and when i said no and wanted to withdraw my money they gave me some bad trades and emptied my account so I had nothing to withdraw

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Gerry Harris

04/01/2015 15:37

I totally agree with PissOff and would also like to enlighten others

one is PRESSURED to add more money to the account – they said how about this CC – I said it is at max so they tried it and added 3 THOUSAND to my already over the limit CC – so this gave me an “apple product” I have signed papers to that effect and I have yet to see the product

Binary traders always say we will invest no more than 25% of your stake so you will not lose – YEAH RIGHT BULL CRAP

here is the deal – you are on Skype with a trader – Gerry something BIG is happening with xxx so put in 8 thous (I had 15 in the account) 10 minutes later – this is BIG – put in 8 to YYY – whoops you do not have 8 thous – how much then put in the 7 as we are going to win bigBOTH CRASHED Now they will not even answer emails or skype

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Sun

02/27/2012 04:25

Well done! An honest blog will always be welcome!! Thank you!

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Lashawn Maes

11/09/2011 06:34

Admiring the hard work you put into your site and in depth information you offer. It’s good to come across a blog every once in a while that isn’t the same out of date rehashed information. Wonderful read! I’ve saved your site and I’m including your RSS feeds to my Google account.

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JamesMcFarlane

10/21/2014 01:45

I have withdrawn my money 3 times now and still have not recieved it You say if we withdraw it will take 4-7 days …I have now been waiting 3 weeks 4 days now and no one will contact me WHY??? I tell you why you are all crooks!!

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Pete

01/20/2015 09:57

James

Did you get your money back from Banc De Binary?

Regards

Peter

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Melissa

05/24/2016 09:31

I’m now waiting two weeks for my money did you receive your money

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Ivy

06/18/2016 16:15

Hi Melissa

May I know have you received your money from Banc De Binary?

RegardsIvy

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dan

08/03/2016 21:08

same here

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Deb

08/06/2016 04:35

Melissa, did you ever get your money back?

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Crazzee

09/24/2016 22:56

They are legally established company as a leech who sucks the customers blood. No hope to get money back.

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Neil

11/24/2016 00:22

Hi MelissaHave you been able to receive your money from Banc De Binary,Please write me on my email:[email protected]

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Ivy

06/18/2016 16:16

Hi Pete

Did James reply whether he received his money from Banc De Binary in the end?

RegardsIvy

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Di

05/19/2015 02:43

I’ve not been happy with Banc De Binary and are thinking toward “scammer” end.I invested money into the trading, had one of their brokers who was really rude and pushy, give me trading instructions which I followed. Loss after loss. And they were pushing me to trade larger amounts, deposit more money…which was then put into trades they’ve instructed me on that led to losses again…then I had enough and wanted to close my account and take my money out…and they took a whopping fee which is 80% of the capital left!! Wtf! Have not been happy with the way I was treated.

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Charles

05/29/2015 07:23

I feel much the same about BdB. Always asking for more to be deposited, mainly the trades given, lose. So reading other comments does not bode well. I have some long term open positions that are still looking good. Even if they win, I feel I will never see a chance of calling it a day and recovering my money.

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Gunnel

08/17/2015 18:39

I so agree. I feel scammed. Very pushy and unpleasant “account managers” that won’t take no for an answer, but keep pushing again and again to put more money at stake. I have followed their instructions and lost a lot of money. Now I just want to get out and have asked for withdrawal of the total amount left. Now they are trying to stop me from withdrawal!Really offensive behavior. Makes me really mad.I think this is not an honest company. Cannot recommend Banc de binary.

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David Howell

03/21/2016 17:14

I got my $250 deposit back quicly with no trouble. I then made the mistake of getting involved with WMOption. Not a peep out of them.

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anton delin

05/11/2016 14:11

of course thats what they want..all their brokers are paid a commission on how much they bring in…as soon as its deposited its considered theirs

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philip

07/01/2015 15:04

I opened an account but didn’t put in any money but they kept ringing me up which makes me a bit wary when they keep chasing you what do you think?

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mike jones

10/04/2015 19:45

I gave them the minimum amount of £250 to trade for me and advise me. It took three supervisors to leave me out of pocket with no profit to show for. Worse than that they left me with a £2300 overdraft in my bank with daily charges incurred and I cannot pay the bank back this money. They are really unprofessional and I requested my initial fee of £250 to be reimbursed but all they said I could get was £50. I really hope people will avoid these scam artists and stop putting money into their pockets to trade for them because lord knows how many people out there have ended up like me.

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Michael

03/29/2016 15:02

WHAT????? They take 80% from your withdrawal?? That is so crazy and it’s stealing. ALL my money was traded by them and all lost $8000.00 in 5 mins after following the brokers instructions! OMG!

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Connie

04/08/2016 07:30

The same thing happened to me…I was devastated. The sad part is I enjoyed learning by using one dollar trades. Only consider if you have thousands to waste and flat out refuse a”account manager”.

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Thabang

05/27/2016 09:22

i have been in contact, with a broker by the name of James..who is currently helping me get started with my Banc De Binary account.

but after reading your message, i am not sure about that any more.

I also dont feel safe giving them my Credit card details including CVV number and expirey dates.

Thanks for the reviewi will stay away.

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Christo

06/16/2016 19:24

Went through exactly the same and lost 10 K in the process. Two people, a Harry Markos and Elliot Greene were pushing and prodding until I nearly lost all.They were so pissed when I decide to to take my remaining money and run.They harassed me daily, forced me toenter bigger and bigger trades, won one or two, and then to top it off at a NFP event on a Friday lost me nearly all my money. Response was, sorry put more money on the platform. I wish I could do something about this for sure.

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kelvin d

11/20/2015 03:48

Same here. Put in a request to withdraw on 25 Oct. Check my bank today 20 Nov nothing. All the good review about bdb is to do with deposit and trading. What the point when you can’t withdraw? Caution with bdb

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addas

02/25/2016 06:07

am about to open account with them, but reading above that you did not receive your funds, scare me.your advice pls

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